United States Ninth Circuit

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Traucht Gut, LLC v. Los Angeles County Treasurer & Tax Collector, 14-60007

In an adversary complaint brought by a Chapter 11 debtor against the Los Angeles County Treasurer and Tax Collector and the purchasers of two properties of the debtor, the Bankruptcy Appellate Panel's affirmance of the bankruptcy court's dismissal, without leave to amend, is affirmed where: 1) due to procedural safeguards in place for California tax sales, the price received at a California tax sale conducted in accordance with state law conclusively establishes 'reasonably equivalent value' for purposes of section 548(a); and thus 2) the sales of the debtor's properties were not voidable.

Appellate Information

  • Argued
  • Submitted
  • Decided
  • Published 2016/09/08

Judges

  • CLIFTON

Court

  • United States Ninth Circuit

Counsel


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