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IN RE PAYLESS CASHWAYS, INC.

No. 01-6086WM.

281 B.R. 648 (2002)

In re PAYLESS CASHWAYS, INC., Debtor. Steve Brink, Appellant, v. Payless Cashways, Inc., Congress Financial Corporation Hillco Capital, L.P., Appellees.

United States Bankruptcy Appellate Panel for the Eighth Circuit.

Filed: August 8, 2002.

Attorney(s) appearing for the Case

Adam Workman, argued, Kansas City, MO, Paul M. Hoffmann, on the brief, Kansas City, MO, for appellant.

Richard M. Beheler, argued, Kansas City, MO, for Payless Cashways.

Daniel Roy Young, argued, Kansas City, MO, Laurence M. Frazen, Mark G. Stingley, on the brief, Kansas City, MO, for Hilco Capital and Congress Financial.

Before KRESSEL, SCHERMER and DREHER, Bankruptcy Judges.

KRESSEL, Bankruptcy Judge.

Steve Brink appeals from the bankruptcy court order1 approving the sale of real property to him for $1.7 million. The price approved by the bankruptcy court was $191,000 higher than Brink had previously bid under a non-judicial, sealed bid procedure conducted by the debtor's real estate broker. We affirm.

BACKGROUND

The material facts are not in dispute...

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