4:09-bk-41568•Carolina Contreras Rynda
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UNITEDSTATES
BANKRUPTCY
COURT NORTHERN DISTRICT OF CALIFORNIA 1300 Clay Street (2d fl.) Oakland, CA. 94612 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Findings of Fact and Conclusions of Law UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA In re No. 09-41568 EDJ Chapter 7 CAROLINA CONTRERAS RYNDA, Debtor./ FINDINGS OF FACT AND CONCLUSIONS OF LAW A hearing was held April 8, 2010 on the proposed sales by Tevis T. Thompson, Jr., Chapter 7 Trustee (“Trustee”) of the estate of Carolina C. Rynda, Debtor, (“Debtor”) of certain assets of the estate. Appearances were noted on the record. The Court hereby makes the following findings of fact:
- There is no market for the estate’s right, title, and interest in stock of Rynda’s No. 1 Insurance Services, Inc (the “Corporation”).
- The Trustee’s marketing efforts concerning the sales were adequate under the circumstances, and an appropriate exercise of the Signed: April 14, 2010
EDWARD D. JELLEN U.S. Bankruptcy Judge
Case: 09-41568 Doc# 138 Filed: 04/14/10 Entered: 04/14/10 16:24:29 Page 1 of 3 Entered on Docket April 15, 2010 GLORIA L. FRANKLIN, CLERK U.S BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA Case: 09-41568 Doc# 140 Filed: 04/14/10 Entered: 04/15/10 13:38:27 Page 1 of 3
UNITEDSTATES
BANKRUPTCY
COURT NORTHERN DISTRICT OF CALIFORNIA 1300 Clay Street (2d fl.) Oakland, CA. 94612 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 2 Findings of Fact and Conclusions of Law Trustee’s business judgment. The Court hereby makes the following conclusions of law:
- The assets of the Corporation are not property of the bankruptcy estate;
- It is permissible to permit the Debtor to credit bid her exemption;
- The sales are fair and reasonable, are in the best interest of the estate, and are a property exercise of the Trustee’s business judgment.
- There is no legal requirement that the Trustee obtain the highest and best price. ** END OF FINDINGS AND CONCLUSIONS ** Case: 09-41568 Doc# 138 Filed: 04/14/10 Entered: 04/14/10 16:24:29 Page 2 of 3 Case: 09-41568 Doc# 140 Filed: 04/14/10 Entered: 04/15/10 13:38:27 Page 2 of 3
UNITEDSTATES
BANKRUPTCY
COURT NORTHERN DISTRICT OF CALIFORNIA 1300 Clay Street (2d fl.) Oakland, CA. 94612 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 3 Findings of Fact and Conclusions of Law COURT SERVICE LIST Raymond R. Miller Raymond R. Miller, Attorney at Law P.O. Box 2177 Castro Valley, CA 94546 Michael J. McQuaid Carr, McClellan, Ingersoll et al 216 Park Rd. P.O. Box 513 Burlingame, CA 94011-0513 Case: 09-41568 Doc# 138 Filed: 04/14/10 Entered: 04/14/10 16:24:29 Page 3 of 3 Case: 09-41568 Doc# 140 Filed: 04/14/10 Entered: 04/15/10 13:38:27 Page 3 of 3
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