Legal Opinion
Urbatek Systems, Inc. v. Lochrie (In Re Lochrie)
United States Bankruptcy Appellate Panel for the Ninth Circuit
Decided September 11, 1987No. BAP No. OR-87-1178 EMeAs, Bankruptcy No. 685-08202-W7, Adv. No. 686-6027-WPublishedCited by 34 opinions
1Opinion of the Court
OPINION
Before ELLIOTT, MEYERS and ASHLAND, Bankruptcy Judges. ELLIOTT, Bankruptcy Judge.
This is an appeal from a grant of summary judgment in favor of Urbatek Systems, Inc. We affirm in part and reverse and remand in part.
PACTS
Urbatek Systems, Inc., owned a radio station in Hawaii, which it sold to Michael and Abbie Lochrie in 1981. The Lochries signed a note for the purchase price and also personally guaranteed the contract of sale. The Lochries provided a financial statement to Urbatek as part of their personal guarantee.
The Lochries filed a Chapter 7 petition in bankruptcy on June 16,1984,…
2Cases cited5 opinions
- In the Matter of James William Vickers, Debtor. The Kansas State Bank and Trust Company, Creditor-Appellant v. James William Vickers, Debtor-AppelleeCourt of Appeals for the Tenth Circuit · 1978
- Lubeck v. Littlefield's Restaurant Corp. (In Re Fauchier)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1987
- American Federation of State, County & Municipal Employees, Local 2051 v. Stephens (In Re Stephens)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1985
- Matter of ZablockiUnited States Bankruptcy Court, D. Connecticut · 1984
- In Re RatliffUnited States Bankruptcy Court, E.D. Virginia · 1983
3Cited by34 opinions
- In Re MendiolaUnited States Bankruptcy Court, N.D. Illinois · 1989
- Fuller v. JohannessenCourt of Appeals for the Eleventh Circuit · 1996
- Haga v. National Union Fire Insurance (In Re Haga)United States Bankruptcy Court, W.D. Texas · 1991
- In Re CandelariaDistrict Court, E.D. New York · 1990
- Irons v. Santiago (In Re Santiago)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1994
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