Legal Opinion
Pac West Auction Co. v. Falk Farms, Inc. (In Re Falk Farms, Inc.)
United States Bankruptcy Appellate Panel for the Ninth Circuit
Decided June 23, 1988No. BAP Nos. OR 87-1501-AsMeJ, OR 87-1954 and OR 88-1084, Bankruptcy No. 687-06104-W12, Adv. No. 687-5006-WPublished
1Opinion of the Court
OPINION
Before ASHLAND, MEYERS and JONES, Bankruptcy Judges. ASHLAND, Bankruptcy Judge.
Pac West Auction Co. appeals from the bankruptcy court’s judgment that a lease with an option to purchase was a lease intended as security and that the interest of Pac West Auction Company in the collateral was adequately protected. Jerry Strasheim, an assignee of Pac West Auction Company, appeals the bankruptcy court’s order confirming Falk Farms’ Chapter 12 plan. We affirm.
FACTS
In 1985 Falk Farms, Inc. defaulted on its obligation to First Interstate Bank, which held a security interest in the equipment at…
2Cases cited12 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- In the Matter of Marhoefer Packing Company, Inc., Bankrupt, Appeal of Robert Reiser & Company, Inc., CreditorCourt of Appeals for the Seventh Circuit · 1982
- Johnson v. First National BankCourt of Appeals for the Eighth Circuit · 1983
- American Standard Credit, Inc. v. National Cement Co., Programming and Systems, Inc., International Computer Corp.Court of Appeals for the Fifth Circuit · 1981
- All-States Leasing Co. v. OchsCourt of Appeals of Oregon · 1979
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