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IN RE UNIOIL

No. 90-1111.

948 F.2d 678 (1991)

In re UNIOIL, Debtor. DALTON DEVELOPMENT PROJECT # 1, Appellant, v. UNSECURED CREDITORS COMMITTEE, Creditor-Appellee, and Unioil, a Nevada Corporation, Debtor-Appellee.

United States Court of Appeals, Tenth Circuit.

November 4, 1991.

Attorney(s) appearing for the Case

Thomas J. Kimmell (John M. Cogswell, with him on the brief) of Cogswell and Eggleston, P.C., Denver, Colo., for appellant.

Edwin G. Perlmutter (M. Frances Cetrulo, with him on the brief) of Berenbaum & Weinshienk, P.C., Denver, Colo., for creditor-appellee.

Jack M. Merritts (Thomas C. Deline, with him on the brief) of Montgomery, Little, Young, Campbell & McGrew, Englewood, Colo., for debtor-appellee.

Before TACHA and EBEL, Circuit Judges, and VAN BEBBER, District Judge.

VAN BEBBER, District Judge.

This is an appeal from the order of the United States District Court for the District of Colorado affirming the bankruptcy court's decision to set aside certain assignments of interests in oil and gas properties. We affirm in part, reverse in part, and remand the case for further proceedings.

I. FACTS

Unioil is an oil and gas exploration and operating company which filed its voluntary petition for reorganization under...

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