Legal Opinion
Crown Life Insurance v. Springpark Associates
Court of Appeals for the Ninth Circuit
Decided July 25, 1980No. 78-1739PublishedCited by 2 opinions
1Opinion of the Court
TUTTLE, Circuit Judge:
This is an appeal by a debtor from an order of a bankruptcy court, lifting an automatic stay which resulted in the sale of the debtor’s property. The district court affirmed the judgment of the bankruptcy court. We also affirm the judgment.
In 1972, Springpark Associates (Spring-park), a one-asset limited partnership, borrowed $650,000, securing the loan with a trust deed which was subsequently assigned to Crown Life Insurance Company (Crown). In November 1975, after the failure of Springpark to pay some real property taxes, Crown caused a notice of default and election…
2Cases cited3 opinions
- Dionisio v. Dacanay and Reynaldo C. Dacanay, by His Father and Next Friend v. Saturnina Mendoza, Victor P. Mendoza, and Doe Insurance Co. No. 1Court of Appeals for the Ninth Circuit · 1978
- Colonial Realty Investment Co. v. MartinCourt of Appeals for the First Circuit · 1975
- In Re Royal Properties, Inc.Court of Appeals for the Ninth Circuit · 1980
3Cited by2 opinions
- In The Matter Of Springpark AssociatesCourt of Appeals for the Ninth Circuit · 1980
- Caraballo Cordero v. Banco Financiero De Puerto RicoDistrict Court, D. Puerto Rico · 2002