Pacific Capital Bancorp, N.A. v. East Airport Development, LLC (In Re East Airport Development, LLC)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
AMENDED OPINION
LYNCH, Bankruptcy Judge.
Appellant, Pacific Capital Bancorp, N.A. (“Pacific Capital”), appeals an order of the bankruptcy court authorizing the sale of real property free and clear of Pacific Capital’s lien pursuant to 11 U.S.C. § 363(f) 2 and the use of Pacific Capital’s cash collateral pursuant to § 363(c)(2). We AFFIRM as to the § 363 sale, but VACATE and REMAND with respect to the cash collateral portion of the bankruptcy court’s order.
I. Facts
Appellee, East Airport Development, LLC (“EAD” or “Debtor”), is a single asset real estate entity that owns a tract of real property…
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- 16 Collier bankr.cas.2d 702, Bankr. L. Rep. P 71,754 in Re K.C. MacHine & Tool Company, Debtor, June E. Morgan, Trustee the Detroit Edison Company Dery & Dery, P.C. Hill, Lewis, Adams, Goodrich & Tait v. K.C. MacHine & Tool Company, City of DetroitCourt of Appeals for the Sixth Circuit · 1987
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