Legal Opinion
National Bank of Alaska, N.A. v. Erickson (In re Seaway Express Corp.)
Court of Appeals for the Ninth Circuit
Decided August 30, 1990No. 89-35872PublishedCited by 6 opinions
1Opinion of the Court
BEEZER, Circuit Judge:
The National Bank of Alaska (NBA) appeals a decision of the Bankruptcy Appellate Panel (BAP), granting summary judgment to Erickson, trustee in the bankruptcy of Seaway Express Corp. (Seaway). NBA claims a priority interest in property owned by Seaway. The BAP rejected NBA’s claim. We affirm.
I
During 1985-86, NBA provided a line of credit to Seaway secured by a credit agreement. Under the agreement, Seaway’s credit line was set as a percentage of its inventory and “eligible” accounts receivable (accounts less than 90 days old). NBA eventually loaned Seaway over $9…
2Cases cited23 opinions
- Begier v. Internal Revenue ServiceSupreme Court of the United States · 1990
- In Re Howard's Appliance Corp., Debtor. Sanyo Electric, Inc. v. Howard's Appliance Corp.Court of Appeals for the Second Circuit · 1989
- QUALITY HOLSTEIN LEASING v. McKENZIECourt of Appeals for the Fifth Circuit · 1985
- In Re North American Coin & Currency, Ltd.Court of Appeals for the Ninth Circuit · 1985
- 13 Collier bankr.cas.2d 1400, Bankr. L. Rep. P 70,902 in Re Lewis W. Shurtleff, Inc. And Frontier Properties, Inc., Debtors. Thomas D. Elliott, Trustee v. Frontier Properties/lp 102/meadow Glen Arms/79Court of Appeals for the Ninth Circuit · 1986
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3Cited by6 opinions
- Taylor Associates v. Diamant (In Re Advent Management Corp.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1995
- Hunter v. Bank of New York (In Re Anderson)United States Bankruptcy Court, N.D. Ohio · 2001
- Gurley v. Mills (In Re Gurley)United States Bankruptcy Court, W.D. Tennessee · 1998
- Bankr. L. Rep. P 73,608, 12 Ucc rep.serv.2d 557 in Re Seaway Express Corp., Debtor. National Bank of Alaska, N.A. v. Warren L. Erickson, Trustee for Seaway Express CorporationCourt of Appeals for the Ninth Circuit · 1990
- In Re Royal West Properties, Inc.United States Bankruptcy Court, S.D. Florida. · 2010
1 more not listed; retrieve them via the Exa API.