United States Seventh Circuit

Judgment for debtor in a bankrupcty case regarding the interpretation of a sale and leaseback arrangement of computers is affirmed where the contract at issue did not make the debtor responsible for errors by an appraiser which resulted in a substantial tax liability for creditor.

Appellate Information

• Argued 12/05/2005
• Decided 01/17/2006
• Published 01/17/2006

Judges

• POSNER, Circuit Judge., Before POSNER, KANNE, and SYKES, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Michael M. Berger, Manatt, Phelphs & Phillips, Los Angeles, CA, Constantine L. Trela, Jr. (argued), Sidley Austin LLP, Chicago, IL, for Appellant, Downey Sav. and Loan Ass'n, F.A.


• For Appellees:
  
• William J. McKenna, Jr. (argued), Foley & Lardner, Chicago, IL, for Debtor-Appellee, Comdisco, Inc.