Narrative Opinion Summary
The Consent Order by District Judge Shanahan vacates the Journal Entry issued by the Bankruptcy Judge on January 27, 1994, which had granted the Debtors' Motion to Assume the Agreement with The Abbott Bank. This vacating action pertains to the order that was the subject of the current appeal. Furthermore, the appeal is dismissed with prejudice, meaning it cannot be refiled, and each party is responsible for its own legal costs.
Legal Issues Addressed
Dismissal of Appeals with Prejudicesubscribe to see similar legal issues
Application: The appeal related to the vacated order was dismissed with prejudice, preventing any future appeal on the same matter.
Reasoning: Furthermore, the appeal is dismissed with prejudice, meaning it cannot be refiled, and each party is responsible for its own legal costs.
Responsibility for Legal Costssubscribe to see similar legal issues
Application: Each party involved in the appeal was held responsible for its own legal costs following the dismissal of the appeal.
Reasoning: Furthermore, the appeal is dismissed with prejudice, meaning it cannot be refiled, and each party is responsible for its own legal costs.
Vacating of Bankruptcy Court Orderssubscribe to see similar legal issues
Application: The District Court vacated the Bankruptcy Court's prior order which had granted the Debtors' Motion to Assume the Agreement with The Abbott Bank.
Reasoning: The Consent Order by District Judge Shanahan vacates the Journal Entry issued by the Bankruptcy Judge on January 27, 1994, which had granted the Debtors' Motion to Assume the Agreement with The Abbott Bank.