United States Ninth Circuit

A bankruptcy court considering the feasibility of a plan of reorganization under 11 U.S.C. section 1129(a)(11) must evaluate the possible effect of a debtor's ongoing civil case with a potential creditor, whether that litigation is pending at the trial level or on appeal. Also, under limited circumstances, a bankruptcy court may exercise its equitable powers to grant retroactive approval of a post-petition financing transaction pursuant to 11 U.S.C. section 364(c)(2).

Appellate Information

• Argued 11/17/2006
• Decided 04/25/2007
• Published 04/25/2007

Judges

• Before:  RICHARD D. CUDAHY,SUSAN P. GRABER, and SANDRA S. IKUTA, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellees:
  
• John L. Morrell and Paul J. Leeds, Higgs, Fletcher & Mack LLP, San Diego, CA, for defendant-appellant John A. Harbin., Lon B. Isaacson and Larry D. Johnson, Lon B. Isaacson Associates, Los Angeles, CA, for plaintiff-appellee/cross-appellant Jeffrey Sherman., David R. Zaro and Jeanne M. Jorgensen, Allen Matkins Leck Gamble & Mallory LLP, Irvine, CA, for defendant-appellee IndyMac Bank, F.S.B.