Tracht Gut, LLC v. Los Angeles County Treasurer & Tax Collector (In Re Tracht Gut, LLC)
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
CLIFTON, Circuit Judge:
The Yiddish phrase “Tracht gut, vet zein gut!” translates to “Think good, and it will be good!” Alas, such was not the case for • debtor Plaintiff-Appellant Tracht Gut, LLC. Tracht Gut acquired two separate properties in Los Angeles County. Real property taxes were owing on both properties, as the taxes had not been paid on either of the properties for years. The County Treasurer and Tax Collector sub-sequently conducted tax sales of the prop-erties under California law. A short time later, Tracht Gut filed for bankruptcy re-lief under Chapter 11. Tracht Gut…
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