3:05-bk-30047•Ramin Yeganeh
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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 27 28 MEMORANDUM RE DEBTOR’S OPP. TO TRUSTEE’S APPLICATION FOR ORDER AUTHORIZING CONTINUED BUSINESS OPERATIONS -1- UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA In re RAMIN YEGANEH, Debtor. ) ) ) ) ) ) ) ) ) Case No: 05-30047 TEC7 Chapter 7 MEMORANDUM RE DEBTOR’S OPPOSITION TO TRUSTEE’S APPLICATION FOR ORDER AUTHORIZING CONTINUED BUSINESS OPERATIONS On November 4, 2005, Trustee filed an Ex Parte Application for Order Authorizing Continued Operation of Business Under 11 U.S.C. § 721. Debtor filed opposition to Trustee’s Ex Parte Application, complaining that Trustee’s fees for operating Debtor’s rental property business are excessive. Chapter 7 is the liquidation chapter of the Bankruptcy Code. The only reasonable alternative to Trustee’s operation of Debtor’s rental property business is the liquidation of Debtor’s rental property. Debtor has not argued that continued operation of Debtor’s rental property for a limited period of time is not in the Signed and Filed: November 14, 2005 ________________________________________ THOMAS E. CARLSON U.S. Bankruptcy Judge ________________________________________ Entered on Docket November 15, 2005 GLORIA L. FRANKLIN, CLERK U.S BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA Case: 05-30047 Doc# 198 Filed: 11/14/05 Entered: 11/15/05 16:18:22 Page 1 of 3
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 27 28 MEMORANDUM RE DEBTOR’S OPP. TO TRUSTEE’S APPLICATION FOR ORDER AUTHORIZING CONTINUED BUSINESS OPERATIONS -2- best interest of the estate or is inconsistent with the estate’s orderly liquidation. Accordingly, the court overrules Debtor’s objection. **END OF ORDER** Case: 05-30047 Doc# 198 Filed: 11/14/05 Entered: 11/15/05 16:18:22 Page 2 of 3
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 27 28 -3- Court Service List Ramin Yeganeh (Debtor) 724 E 4th Ave. San Mateo, CA 94401 Charles E. Sims (Trustee) P.O. Box 1247 Sonoma, CA 95476 Charles P. Maher, Esq. (Counsel for Trustee) Luce, Forward, Hamilton and Scripps 121 Spear St. #200 San Francisco, CA 94105 Julie Glosson, Esq. Office of the U.S. Trustee 235 Pine Street, Suite 700 San Francisco, CA 94104 Case: 05-30047 Doc# 198 Filed: 11/14/05 Entered: 11/15/05 16:18:22 Page 3 of 3
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