Bruce Dwain Copeland
Opinion
Trial Court Opinion
I. Background
Copeland filed a voluntary Chapter 11 petition on January 31, 2005 (the “Petition Date”), proceeding in pro per. Shortly after filing the petition, Copeland realized that he needed counsel to fulfill his obligations as a Chapter 11 debtor-in-possession.3 On April 14, 2005, the Court approved Copeland’s application to retain Levene, Neale, Bender, Yoo & Brill LLP (“LNBYB”)4 as his general bankruptcy counsel.5 As of the Petition Date, Copeland’s primary residence was located at 1541 W. 218th Street, Torrance, CA 90501 (the “Property”).6 On October 11, 2005, the Court authorized Copeland to obtaining postpetition financing by refinancing the Property. See Doc. No. 91 (the “Financing Order”). In support of the motion to obtain the post-petition financing, Copeland filed a declaration stating “I have agreed that all proceeds from the loan will be transferred directly to [LNBYB], to be held in trust pending further order of this Court.”7 The Financing Order provided that “[a]ll proceeds from the refinancing of the Property, after payment of allowed secured claims (excluding any purported judgment liens), shall be transferred to Debtor’s counsel to be held by counsel in a…