Legal Opinion
Compton Impressions, Ltd. v. Queen City Bank, N.A.
Court of Appeals for the Ninth Circuit
Decided July 11, 2000No. Nos. 98-56701, 98-56800PublishedCited by 2 opinions
1Opinion of the Court
DAVID R. THOMPSON, Circuit Judge:
OVERVIEW
Compton Impressions, Ltd. (“Compton” or “the Debtor”) obtained a $2,375,000 construction loan from Queen City Bank, N.A., Cerritos Valley Bank, and Pacific Business Bank (collectively, “the Banks”) to develop a residential real estate project in Compton, California, but defaulted on the loan when the unpaid balance was $1,723,165. Compton filed for Chapter 11 reorganization in Bankruptcy. The Banks agreed to two cash-collateral stipulations to allow Compton to complete the project and attempt to sell the residential units. To assist in that endeavor,…
2Cases cited2 opinions
- In Re Chicago Lutheran Hospital Ass'nUnited States Bankruptcy Court, N.D. Illinois · 1988
- In Re JensonCourt of Appeals for the Ninth Circuit · 1992
3Cited by2 opinions
- In Re: Compton Impressions, Ltd., a California Limited Partnership, Debtor. Compton Impressions, Ltd., a California Limited Partnership v. Queen City Bank, N.A. Cerritos Valley Bank Pacific Business Bank, in Re: Compton Impressions, Ltd., a California Limited Partnership, Debtor. Queen City Bank, N.A. Cerritos Valley Bank Pacific Business Bank v. Compton Impressions, Ltd., a California Limited PartnershipCourt of Appeals for the Ninth Circuit · 2000
- In Re Skuna River Lumber, LLCUnited States Bankruptcy Court, N.D. Mississippi · 2006