Opinion ID: 3012143
Heading Depth: 3
Heading Rank: 1

Heading: Bankruptcy Court’s decision to combine the

Text: Estimation Hearing and the adjudication of Kool Mann’s claim is AFFIRMED; 2. Bankruptcy Court’s finding of fraud by the Coffeys, and calculating the actual value of LCSDI as a result of that fraud at $2,288,167 is AFFIRMED; 3. Bankruptcy Court’s grant of credit to Kool Mann for the $1 million downpayment is AFFIRMED; 4. Bankruptcy Court’s release of Moore of his obligations under the personal guaranty is AFFIRMED; 5. Bankruptcy Court’s denial of Coffeys’ request for pre-petition interest is AFFIRMED; 6. Bankruptcy Court’s denial of credit to Kool Mann for assumed indebtedness in the amount of $1.213 million is AFFIRMED; 16 7. Bankruptcy Court’s denial of punitive damages to Kool Mann is AFFIRMED; 8. Bankruptcy Court’s grant of summary judgment in favor of Moore in the adversary proceeding is AFFIRMED on basis of collateral estoppel, not res judicata;7 9. Bankruptcy Court’s grant of credit to Kool Mann in the amount of $236,566.22 in tax savings is REVERSED; 10. Bankruptcy Court’s grant of credit to Kool Mann of $291,784 due to recharacterization of interest payments to principal payments is AFFIRMED. See In re Kool, Mann, Nos. 99-00058, 99-00204, 00-00203, judgment at 2-4 (D.V.I. Oct. 2, 2001). Consequently, Judge Brotman ruled that the total balance due and owing to the Coffeys by Kool Mann was $1,051,600.78.8