Kelley v. South Bay Bank (In Re Kelley)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
JONES, Bankruptcy Judge:
SUMMARY
A bank loan to the debtors’ corporation was secured both by the corporation’s assets and the debtors’ personal guarantee. After the corporation filed bankruptcy, the debtors stopped paying the storage facility where the corporation’s assets were stored. The bank thereafter paid the storage costs to prevent the collateral from being sold by the storage facility. After the debtors filed bankruptcy, the bank stopped paying for storage of the collateral and informed the debtors that it had no further interest in that collateral. Approximately one month after…
2Cases cited9 opinions
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- Eubanks v. Federal Deposit Insurance CorporationCourt of Appeals for the First Circuit · 1992
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