Dwight H. Matlack v. Linda Jane Gaul, No. 06-15723 (11th Cir. 2007)

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[DO NOT PUBLISH] IN THE UNITED STATES COURT OF APPEALS FOR THE ELEVENTH CIRCUIT FILED U.S. COURT OF APPEALS ELEVENTH CIRCUIT September 5, 2007 THOMAS K. KAHN CLERK No. 06-15723 D. C. Docket Nos. 06-60299-CV-CMA 95-24079-BKC-JK In Re: LINDA JANE GAUL, Debtor, __________________________________________________________________ DWIGHT H. MATLACK, LINDA MCVEIGH MATLACK, Plaintiffs-Appellants, versus LINDA JANE GAUL, Defendant-Appellee. Appeal from the United States District Court for the Southern District of Florida (September 5, 2007) Before DUBINA and MARCUS, Circuit Judges, and PROCTOR,* District Judge. PER CURIAM: This is an appeal from the district court s judgment affirming the bankruptcy court s order denying the Matlack s request for relief from stay. The basis of the bankruptcy court s ruling was that the settlement agreement between the parties was an executory contract since the debtor s obligation included a possible payment to the Matlacks of the sum of $200,000 and was not merely an obligation to transfer property to them. The district court entered a well-reasoned order affirming the bankruptcy court s order but held that both the settlement agreement and the underlying contract were executory. The Matlacks then perfected this appeal. We review factual findings under a clearly erroneous standard and conclusions of law de novo. In Re: Bilzerian, 153 F.3d 1278, 1281 (11th Cir. 1998). After reviewing the record and reading the parties briefs, we agree with the district court s finding that both the settlement agreement and the terms of the contract were executory. We also reject the Matlack s contention that the _____________________ *Honorable R. David Proctor, Judge, United States District Court for the Northern District of Alabama, sitting by designation. 2 bankruptcy court rendered an advisory opinion or otherwise deprived the Matlacks of due process. Likewise, we reject the Matlack s claim for judicial estoppel as they have failed to demonstrate the existence of any perversion of justice. Finally, we agree with the district court s finding that the Matlacks waived their bad faith argument since they failed to present that argument to the bankruptcy court. For the above-stated reasons, we affirm the district court s judgment affirming the bankruptcy court s order. AFFIRMED. 3

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