Legal Opinion
Concannon v. Imperial Capital Bank (In Re Concannon)
United States Bankruptcy Appellate Panel for the Ninth Circuit
Decided February 7, 2006No. BAP No. AZ-05-1169-CMoS. Bankruptcy No. 01-04624-TUC-JMMPublishedCited by 4 opinions
1Opinion of the Court
OPINION
CARROLL, Bankruptcy Judge.
INTRODUCTION
When Imperial Capital Bank (“Imperial”) sought relief from the automatic stay to foreclose its judgment lien, Kevin and Terry Concannon (“Debtors”) defended the motion in their chapter 7 bankruptcy case by seeking a valuation of their rental real property encumbered by the lien and avoidance of Imperial’s lien pursuant to 11 U.S.C. §§ 506(a) and (d). 2 The bankruptcy court granted Imperial’s motion and lifted the stay, but in so doing, valued Imperial’s secured claim at zero pursuant to § 506. At Imperial’s request, the bankruptcy court then…
2Cases cited29 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Dewsnup v. TimmSupreme Court of the United States · 1992
- In Re Lamar Dewsnup and Aletha Dewsnup, Debtors. Lamar Dewsnup, Aletha Dewsnup v. Louis L. TimmCourt of Appeals for the Tenth Circuit · 1990
- In Re Sieglinde M. Zimmer, Debtor, Sieglinde M. Zimmer v. Psb Lending CorporationCourt of Appeals for the Ninth Circuit · 2002
- In the Matter of Paul D. Folendore and Helen H. Folendore, Debtors. Paul D. Folendore and Helen H. Folendore v. U.S. Small Business AdministrationCourt of Appeals for the Eleventh Circuit · 1989
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3Cited by4 opinions
- In re MayerUnited States Bankruptcy Court, E.D. Louisiana · 2015
- Doss v. Norhardt Crossing Condo. Ass'n (In re Doss)United States Bankruptcy Court, E.D. Wisconsin · 2018
- In Re Brooks-HamiltonUnited States Bankruptcy Appellate Panel for the Ninth Circuit · 2009
- In Re Brooks-HamiltonUnited States Bankruptcy Appellate Panel for the Ninth Circuit · 2009