Security Leasing Partners, LP v. ProAlert, LLC (In Re ProAlert, LLC)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
PERRIS, Bankruptcy Judge.
This appeal raises the question of whether a bankruptcy court may allow the use of cash collateral pursuant to § 363 2 in a chapter 11 case without considering whether the requirements for a § 506(c) surcharge were met. The bankruptcy court concluded that it could, and allowed the debtor in possession to use cash collateral to pay estate professionals over the objection of an adequately protected but undersecured creditor with a security interest in the cash collateral. We AFFIRM.
FACTS
ProAlert, LLC (“ProAlert”), a chapter 11 debtor in possession, sells and…
2Cases cited30 opinions
- Connecticut National Bank v. GermainSupreme Court of the United States · 1992
- In the Matter of JAMES WILSON ASSOCIATES, Debtor. Appeals of METROPOLITAN LIFE INSURANCE COMPANYCourt of Appeals for the Seventh Circuit · 1992
- In Re: Danny Padilla, Debtor. William T. Neary, United States Trustee for Region 16 v. Danny PadillaCourt of Appeals for the Ninth Circuit · 2000
- Darnell GARCIA, Plaintiff-Appellant, v. John C. LAWN, D.E.A. Administrator, Defendant-AppelleeCourt of Appeals for the Ninth Circuit · 1986
- In Re Codesco, Inc.United States Bankruptcy Court, S.D. New York · 1982
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