Opinion ID: 680577
Heading Depth: 2
Heading Rank: 1

Heading: The Olsen-Olsen Conveyance

Text: 7 The opinion issued concurrently with this memorandum concludes that the district court did not err in holding that 11 U.S.C. Sec. 549(d) was equitably tolled in this case. Because the district court correctly ruled regarding the statute of limitation, the district court also correctly ruled that Appellants were not prejudiced by the district court's refusal to consider certain documents Appellants filed relating to that issue (CR 101, 3-4 n. 3). 8 Appellants argue that a turnover action under Sec. 542 does not apply to John Olsen, a transferee of property conveyed postpetition. Appellants claim Sec. 542 applies only to debtors. Appellants are incorrect. Section 542 applies to any entity possessing estate property. 11 U.S.C. Sec. 542(a). 9 Appellants also contend that the district court erred in describing them as hopelessly insolvent. However, Appellants show neither that they are solvent nor how their solvency is relevant to this appeal. It might have been relevant to whether conversion of their bankruptcy (to a chapter 7 case) was proper. The district court found that the Olsens failed to appeal to the district court the conversion of their case, however. The Olsens have not appealed that ruling. Whether the Olsens are insolvent may also be relevant to whether they have standing to challenge the district court's order that they vacate estate property. Appellants have not argued the order was error, however. We therefore need not examine whether the Olsens are insolvent.