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IN RE NETFAX, INC.

Civ. No. AMD 05-762.

335 B.R. 85 (2005)

In re NETFAX, INC., Debtor, Matsuda Capital, Inc., Appellant, v. Netfax Development, LLC, and Joseph J. Bellinger, Trustee, Appellees.

United States Bankruptcy Court, D. Maryland.

August 1, 2005.

Attorney(s) appearing for the Case

Carol Lynn Hoshall, Karen H. Moore, Whiteford Taylor and Preston LLP, Baltimore, MD, James M. Greenan, Christopher L. Hamlin, McNamee Hosea Jernigan Kim Greenan and Walker PA, Greenbelt, MD, for Appellant.

Maria Ellena Chavez Ruark, DLA Piper Rudnick Gray Cary US LLP, Baltimore, MD, Joseph James Bellinger, Ballard Spahr Andrews & Ingersoll LLP, for Appellees.

MEMORANDUM OPINION

DAVIS, District Judge.

This is an appeal from an order of the bankruptcy court. Subject matter jurisdiction is appropriate under 28 U.S.C. § 158(c)(1). Appellant Matsuda Capital, Inc. ("Matsuda"), a secured creditor of Netfax, Inc. ("Debtor"), seeks reversal of the bankruptcy court's order authorizing the Chapter 7 Trustee, appellee Joseph J. Bellinger, to sell intellectual property of the Debtor to appellee Netfax Development, LLC...

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