
USCA1 Opinion

	




                                [NOT FOR PUBLICATION]                            UNITED STATES COURT OF APPEALS                                FOR THE FIRST CIRCUIT                                  ____________________        No. 97-9006                                        IN RE:                    Moorhead Corporation, MLX Corporation & First                                    Heidie's Inc.                                       Debtors.                                 ____________________                                     MARIA HILL,                                      Appellant.                                          v.                                JOHN A. BURDICK, JR.,                                  Chapter 7 Trustee,                         and Friends of Russells Mills, Inc.,                                      Appellees.                                 ____________________                      APPEAL FROM THE BANKRUPTCY APPELLATE PANEL                                 OF THE FIRST CIRCUIT                                 ____________________                                        Before                                Torruella, Chief Judge,                                           ___________                           Selya and Stahl, Circuit Judges.                                            ______________                                 ____________________            Maria K. Hill on brief pro se.            _____________            Burdick & DiLeo, P.C. on brief for appellee John  A. Burdick, Jr.,            _____________________        Chapter 7 Trustee.            Robert  A. Fasanella,  Peter  A. Wilson  and Fasanella,  Johnson &            ____________________   ________________      _____________________        Wood, P.C. on brief for appellees, Friends of Russells Mills, Inc.        __________                                 ____________________                                   FEBRUARY 4, 1998                                 ____________________                 Per Curiam.   We have carefully reviewed the  record and                 __________            briefs on  appeal and affirm  the judgment of  the bankruptcy            court.   The  only issue  raised below,  thus the  only issue            properly  before us, is  whether the bankruptcy  court abused            its discretion in approving the compromise, given appellant's            offer to  purchase the state  action for a larger  gross sum.            In re LaRoche, 969 F.2d  1299, 1305 (1st Cir. 1992).   At the            _____________            time  the compromise  was approved,  the  record showed  that            conveying  the  cause  of action  to  appellant,  rather than            compromising the action, would subject the  bankruptcy estate            to risk of indeterminate magnitude.  Under the circumstances,            the   bankruptcy  court  did  not  abuse  its  discretion  in            determining that it would not be in the best interests of the            estate to accept such risk.  Jeffrey v. Desmond, 70 F.3d 183,                                         _______    _______            185 (1st  Cir. 1995);  Depoister v.  Holloway Foundation,  36                                   _________     ___________________            F.3d 582 (7th Cir. 1994).                 Affirmed.  Loc. R. 27.1.                 ________                                         -2-
