Opinion ID: 176367
Heading Depth: 3
Heading Rank: 3

Heading: The Bankruptcy Court's Refusal to Reconsider its Decision

Text: The Investment Trust also challenges the bankruptcy court's refusal to reconsider its decision rejecting the assignments. Our review is for an abuse of discretion, Greene v. Potter, 557 F.3d 765, 767 (7th Cir.2009), and under the circumstances here, the Trust's argument requires only brief comment. It is somewhat unclear whether the bankruptcy judge treated this motion as a request to revisit its decision and entertain newly discovered evidence under Rule 59 of the Federal Rules of Civil Procedure or as an entirely new assumption-and-assignment proposal. If the former, the evidence was not newly discovered within the contemplation of a proper Rule 59(e) motion, and the request was properly denied on this basis. See, e.g., Envtl. Barrier Co. v. Slurry Sys., Inc., 540 F.3d 598, 609 (7th Cir. 2008). If the latter, the motion was properly denied as untimely; it was filed more than a year-and-a-half after the deadline set by the bankruptcy judge, and under 11 U.S.C. § 365(d)(1), the judge was entitled to reject it on timeliness grounds.