(7th Cir. Aug. 23, 2016)
The Seventh Circuit dismisses the appeal, holding it does not have jurisdiction. The bankruptcy court entered an order permitting marshaling of the debtor’s assets to pay two secured creditors. The district court reversed, holding that marshaling was inappropriate because there were no longer two funds available to pay both creditors (one had been distributed to one of the creditors years earlier). There was no order, however, that directed how the remaining assets would actually be distributed. Thus, the Seventh Circuit held that there was no final order and it did not have appellate jurisdiction. Opinion below.
Attorney for Appellant: Robert Lindstrom
Attorney for Debtor: Carrie Leigh Magerl
Attorneys for United States: Gerard A. Brost, Thomas J. Clark, Peter Sklarew, Patrick J. Urda
Attorney for Trustee: Jeana K. Reinbold