In re Riverside Investment Partnership

We are asked on this appeal to review an order of the district court reviewing, in turn, an order of the bankruptcy court which determined the ""net proceeds realized"" from the sale of certain properties owned by the bankrupt Riverside Investment Partnership (""Riverside""). The amount of ""net proceeds realized"" is of consequence because the fee payable by Riverside's trustees in bankruptcy (the ""Trustees"") to the Referees' Salary and Expense Fund (the ""Fund"") is calculated as a percentage of the ""net proceeds realized."" We conclude that the judgment in this matter must be vacated and the cause remanded for a redetermination of whether the sale of the properties in question was ""free and clear of"" or ""subject to"" several liens, how such redetermination may affect the ""net proceeds realized"" from the sale, and related matters. I