Court Opinion

ID: 2965155
Source: CourtListenerOpinion
Date Created: 2015-09-21 21:36:19.382645+00
Date Added: 2024-06-11T15:02:18.998343
License: Public Domain

USCA1 Opinion

	

                                [NOT FOR PUBLICATION]

                            UNITED STATES COURT OF APPEALS
                                FOR THE FIRST CIRCUIT 
                                 ____________________

        No. 97-9006

                                        IN RE:

                    Moorhead Corporation, MLX Corporation & First
                                    Heidie's Inc.

                                       Debtors.
                                 ____________________

                                     MARIA HILL,

                                      Appellant.

                                          v.

                                JOHN A. BURDICK, JR.,

                                  Chapter 7 Trustee,
                         and Friends of Russells Mills, Inc.,

                                      Appellees.
                                 ____________________

                      APPEAL FROM THE BANKRUPTCY APPELLATE PANEL

                                 OF THE FIRST CIRCUIT
                                 ____________________

                                        Before

                                Torruella, Chief Judge,
                                           ___________
                           Selya and Stahl, Circuit Judges.
                                            ______________
                                 ____________________

            Maria K. Hill on brief pro se.
            _____________
            Burdick & DiLeo, P.C. on brief for appellee John  A. Burdick, Jr.,
            _____________________
        Chapter 7 Trustee.
            Robert  A. Fasanella,  Peter  A. Wilson  and Fasanella,  Johnson &
            ____________________   ________________      _____________________
        Wood, P.C. on brief for appellees, Friends of Russells Mills, Inc.
        __________
                                 ____________________

                                   FEBRUARY 4, 1998
                                 ____________________

                 Per Curiam.   We have carefully reviewed the  record and
                 __________

            briefs on  appeal and affirm  the judgment of  the bankruptcy

            court.   The  only issue  raised below,  thus the  only issue

            properly  before us, is  whether the bankruptcy  court abused

            its discretion in approving the compromise, given appellant's

            offer to  purchase the state  action for a larger  gross sum.

            In re LaRoche, 969 F.2d  1299, 1305 (1st Cir. 1992).   At the
            _____________

            time  the compromise  was approved,  the  record showed  that

            conveying  the  cause  of action  to  appellant,  rather than

            compromising the action, would subject the  bankruptcy estate

            to risk of indeterminate magnitude.  Under the circumstances,

            the   bankruptcy  court  did  not  abuse  its  discretion  in

            determining that it would not be in the best interests of the

            estate to accept such risk.  Jeffrey v. Desmond, 70 F.3d 183,
                                         _______    _______

            185 (1st  Cir. 1995);  Depoister v.  Holloway Foundation,  36
                                   _________     ___________________

            F.3d 582 (7th Cir. 1994).

                 Affirmed.  Loc. R. 27.1.
                 ________

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