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IN RE EL TORO MATERIALS CO., INC.

No. 05-56164.

504 F.3d 978 (2007)

In re EL TORO MATERIALS COMPANY, INC., Debtor, Saddleback Valley Community Church, Appellant v. El Toro Materials Company, Inc., Appellee.

United States Court of Appeals, Ninth Circuit.

Filed October 1, 2007.

Attorney(s) appearing for the Case

Robert C. Braun, Penelope Parmes and Roger F. Friedman, Rutan & Tucker, LLP, Costa Mesa, CA, for the appellant.

Ronald K. Van Wert, Robert K. Van Wert P.C., Costa Mesa, CA, and William Malcom, Malcom & Cisneros, Irvine, CA, for the appellee.

Before DANIEL M. FRIEDMAN, ALEX KOZINSKI and RONALD M. GOULD, Circuit Judges.

OPINION

KOZINSKI, Circuit Judge:

Bankruptcy presents a unique challenge: How should a paucity of resources be allocated to cover a multiplicity of claims? Distributing money to satisfy claims is, in most cases, a zero-sum game: Every dollar given to one creditor is a dollar unavailable to satisfy the debt owed to others. For Paul to be paid in full, Peter must be short-changed. Congress sought to balance the interests of competing creditors through an extensive...

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