- 11 U.S.C.
Velde v. First Intl Bank & Trust (In re Y-Knot Constr. Inc.)
Jun
08
2007
Ruling
Aproval of settlement of preference proceeding reversed as bankruptcy court failed to make required findings of fact.
Procedural posture
Appellant creditor, a bank, challenged an order from the Bankruptcy Court for the District of Minnesota, which granted a motion of appellee trustee to compromise a preference action against another creditor, a lumber company, under Fed. R. Bankr. P. 9019.
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