United States Fifth Circuit

In a bankruptcy case involving debtor-limited liability company whose business was to derive maximum revenue from timber grown on certain lands transferred to it while maintaining sustainable forests, denial of noteholders' motion to expedite the bankruptcy proceedings is affirmed where the bankruptcy court correctly held that the bankruptcy debtor was not a "single asset real estate" (SARE) debtor under section 101(51B) of the Bankruptcy Code and was therefore not subject to expedited reorganization procedures set forth in section 362(d)(3) of the Code.

Appellate Information

• Decided 11/13/2007
• Published 11/14/2007

Judges

• W. EUGENE DAVIS, Circuit Judge:, Before DAVIS, BARKSDALE and PRADO, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Evan D. Flaschen (argued), Kurt A. Mayr, Gregory W. Nye, Bracewell & Giuliani, Hartford, CT, John Philip Melko, Gardere Wynne Sewell, Houston TX, Marcus A. Helt, Gardere Wynne Sewell, Dallas, TX, for Appellant., Nathaniel Peter Holzer, Shelby A. Jordan, Harlin C. Womble, Jr., Jordan, Hyden, Womble & Culbreth, Corpus Christi, TX, Gary M. Kaplan, Howard, Rice, Nemerovski, Canady, Falk & Rabkin, San Francisco, CA, for The Pacific Lumber Co., Kathryn A. Coleman (argued), Gibson, Dunn & Crutcher, New York City, John Francis Higgins, IV, James Matthew Vaughn, Porter Hedges, Houston, TX, Eric J. Fromme, GIbson, Dunn & Crutcher, LLP, Irvine, CA, for Scotia Pac. Lumber Co., LLC.