Legal Opinion

Phoenix Bond & Indemnity Co. v. Shamblin (In re Shamblin)

Court of Appeals for the Ninth Circuit

Decided June 30, 1989No. 88-5840PublishedCited by 20 opinions

1Opinion of the Court

EUGENE A. WRIGHT, Circuit Judge.

Phoenix Bond & Indemnity Company, Stanford D. Marks, and DeBois Investment Group, Inc., appeal the decision of the Bankruptcy Appellate Panel. The panel reversed the bankruptcy court’s refusal to set aside the tax sale of Grace. Shamblin’s real property. The panel also granted the tax sale purchaser a lien on the property to the extent of present equivalent value given. We reverse the panel’s grant of a lien to the tax sale purchaser. We affirm the panel’s decision in all other respects.

FACTS

Grace and William Shamblin filed a voluntary Chapter 11 bankruptcy…

2Cases cited18 opinions

  1. Kalb v. FeuersteinSupreme Court of the United States · 1940
  2. In Re Dant & Russell, Inc., Debtors. Burlington Northern Railroad Company, Creditor-Appellant v. Dant & Russell, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1988
  3. In Re Eli Kenneth Mellor and Lisa Mellor, Debtors. Raymond G. Pistole and Raymond R. Bragg v. Eli Kenneth Mellor and Lisa MellorCourt of Appeals for the Ninth Circuit · 1984
  4. Bankr. L. Rep. P 69,953 in the Matter Of: Arthur R. Matthews, Jr., Debtor-Appellant v. Martin J. Rosene and John K. KneafseyCourt of Appeals for the Seventh Circuit · 1984
  5. In Re Charles Stringer, Ii, Debtor. Charles Stringer, Ii, Debtor-Appellant v. Aristela Huet, Claimant-AppelleeCourt of Appeals for the Ninth Circuit · 1988

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3Cited by20 opinions

  1. Parker v. BainCourt of Appeals for the Ninth Circuit · 1995
  2. Aheong v. Mellon Mortgage Co. (In Re Aheong)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2002
  3. Griffin v. WardrobeCourt of Appeals for the Ninth Circuit · 2009
  4. Mann v. Alexander Dawson Inc. (In re Mann)Court of Appeals for the Ninth Circuit · 1990
  5. National Peregrine, Inc. v. Capitol Federal Savings & Loan Ass'n of Denver (In Re Peregrine Entertainment, Ltd.)District Court, C.D. California · 1990

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