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IN RE HOKULANI SQUARE, INC.

No. 11-60072.

776 F.3d 1083 (2015)

In re HOKULANI SQUARE, INC., a Hawaii corporation, Debtor. Bradley R. Tamm, Chapter 7 Trustee, Appellant, v. UST-United States Trustee, Honolulu, Apellee.

United States Court of Appeals, Ninth Circuit.

Filed January 26, 2015.

Attorney(s) appearing for the Case

Bradley R. Tamm (argued); Lissa D. Shults and Melissa A. Miyashiro , Shults & Tamm, ALC, Honolulu, HI, for Appellant.

Noah M. Schottenstein (argued), Trial Attorney, Ramona Elliott , Deputy Director/General Counsel, P. Matthew Sutko , Associate General Counsel, Executive Office for the United States Trustees, Washington, D.C.; Tiffany Carroll , Acting United States Trustee for Region 15, Curtis B. Ching , Assistant United States Trustee, United States Department of Justice, Office of the United States Trustee, Honolulu, HI, for Appellee.

Daniel M. Benjamin , Ballard Spahr LLP, San Diego, CA, for Amicus Curiae Carl A. Eklund.

Before: ALEX KOZINSKI, RAYMOND C. FISHER, and PAUL J. WATFORD, Circuit Judges.

OPINION

In bankruptcy, it's the trustee's job to manage the estate. Often, this means liquidating all the estate's assets and distributing the proceeds to creditors, shareholders and other interested parties. Some of the proceeds are awarded to the trustee as compensation, which is calculated based on the value...

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