- 11 U.S.C.
In re Nolan
Jul
02
2012
Ruling
Debtors could not seek turnover of proceeds of sale of equipment after confirmation and effective date.
Procedural posture
Movants filed a Motion for Turnover of Personal Property & Leave of Court to Pursue State Law Claims Against the Trustee. Also before the court was the Objection thereto of the Chapter 11 trustee for debtors and the trustee of a Liquidating Trust. The Motion sought: (a) immediate turnover of all or portion of the proceeds from the auction of certain Equipment, and (b) leave to pursue state law remedies against the Trustee. A hearing was held.
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Court
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