In Re: Adbox, Inc., Debtor, Donald I. Metcalf, an Individual Janet M. Metcalf, an Individual v. Jeffrey I. Golden, Chapter 7 Trustee, in His Capacity as Chapter 7 Trustee for the Estate of Adbox, Inc.

488 F.3d 836 In re: ADBOX, INC., Debtor, Donald I. Metcalf, an individual; Janet M. Metcalf, an individual, Appellants, v. Jeffrey I. Golden, Chapter 7 Trustee, in his capacity as Chapter 7 Trustee for the Estate of Adbox, Inc., Appellee. No. 05-55158. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 8, 2007. Filed June 4, 2007. James A. Shalvoy, Manhattan Beach, CA, for the defendants-appellants. Kathleen M. Goldberg, The Law Office of Thomas H. Casey, Inc., Rancho Santa Margarita, CA, for the plaintiff-appellee. Appeal from the United States District Court for the Central District of California; Lourdes G. Baird, District Judge, Presiding. D.C. No. CV-04-00686-LGB. Before: PAMELA ANN RYMER, KIM McLANE WARDLAW, and MILAN D. SMITH, JR., Circuit Judges. MILAN D. SMITH, JR., Circuit Judge. 1 Appellants Donald and Janet Metcalf were the primary financial backers of a start-up company named Adbox, Inc. In 1998, the Metcalfs agreed to sell their interest in Adbox to Christer Wernerdal, but Wernerdal soon failed to make payments required by the sales agreements. Wernerdal brought a lawsuit against the Metcalfs and later took Adbox into bankruptcy. The bankruptcy…