Legal Opinion

Monumental Life Insurance Co. v. Bibo, Inc. (In Re Bibo, Inc.)

United States Bankruptcy Appellate Panel for the Ninth Circuit

Decided August 30, 1996No. BAP No. CC 96-1037-A1JH. Bankruptcy No. ND 92-70898-RRPublishedCited by 10 opinions

1Opinion of the Court

OPINION

ALLEY, Bankruptcy Judge:

Monumental Life Insurance Co. (“Monumental”) appeals from an order finding that it is stayed by Bankruptcy Code Section 362 2 from foreclosing its trust deed on real property in which the Debtor holds a junior lien. We affirm the trial court.

I. FACTS

The land in question is a tract of four parcels in Colorado Springs, Colorado, owned by Park Hill of Colorado Springs, Ltd., a limited partnership (“Park Hill”). Debtor Bibo, Inc. is a general partner of Park Hill.

Monumental lent money to Park Hill. The loan, which was to be paid in full by January 1, 1988, is…

2Cases cited9 opinions

  1. In the Matter of Pizza of Hawaii, Inc., Debtor. Pizza of Hawaii, Inc. v. Shakey's, Inc.Court of Appeals for the Ninth Circuit · 1985
  2. Albert Nealey v. Transportacion Maritima Mexicana, S. A. And Maersk LinesCourt of Appeals for the Ninth Circuit · 1980
  3. In the Matter of Daniel J. Yonikus and Carolyn S. Yonikus, Debtors. Appeal of Daniel J. YonikusCourt of Appeals for the Seventh Circuit · 1992
  4. In Re Michael J. Kissinger, Debtor. Thomas Mataya, Creditor-Appellee v. Michael J. Kissinger, Debtor-AppellantCourt of Appeals for the Ninth Circuit · 1995
  5. Ragsdale Bros. Roofing, Inc. v. United Bank of Denver, N.A.Colorado Court of Appeals · 1987

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3Cited by10 opinions

  1. Liberty Mutual Insurance v. Official Unsecured Creditors' Committee of Spaulding Composites Co. (In Re Spaulding Composites Co.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1997
  2. Allentown Ambassadors, Inc. v. Northeast American Baseball, LLC (In Re Allentown Ambassadors, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 2007
  3. Lemos v. Rakozy (In Re Lemos)United States Bankruptcy Court, D. Idaho · 1999
  4. First Federal Bank v. Cogar (In Re Cogar)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1997
  5. Theokary v. Abbatiello (In Re Theokary)United States Bankruptcy Court, E.D. Pennsylvania · 2011

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