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IN RE RACING SERVICES, INC.

No. 21-6007.

635 B.R. 498 (2022)

IN RE: RACING SERVICES, INC. Debtor. State of North Dakota, ex rel. Wayne Stenehjem, Attorney General Claimant-Appellant v. Susan Bala; Kip M. Kaler, Trustee Objectors-Appellees.

United States Bankruptcy Appellate Panel of the Eighth Circuit.

Filed: January 7, 2022.

Attorney(s) appearing for the Case

Counsel who wrote the brief and presented argument on behalf of the appellant was Douglas Bruce Anderson of Bismarck, North Dakota.

Counsel who presented argument on behalf of appellee Susan Bala was Steven Robert Kinsella, of Minneapolis, Minnesota. The following attorney(s) appeared on that appellee's brief: Michael S. Raum, of Fargo, North Dakota, Steven Robert Kinsella, of Minneapolis, Minnesota. Appellee Kip Kaler did not participate in the appeal.

Before SHODEEN, DOW and RIDGWAY, Bankruptcy Judges.

This appeal centers on two claims. The first is a claim (the "Statutory Claim") filed by the State of North Dakota, ex rel. Wayne Stenehjem, Attorney General (the "State"), as assignee of Team Makers Club, Inc. ("Team Makers"). Susan Bala ("Bala"), a creditor and sole equity holder of Racing Services, Inc. (the "Debtor"),...

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