Crosby v. Reed (In Re Crosby)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
RUSSELL, Chief Judge:
The debtors filed an objection to an amended proof of claim filed by a secured party after the secured party foreclosed on the collateral eight months after repossession. The debtors assert, in an effort to bar the secured party from obtaining a deficiency judgment, that the secured party elected to retain the collateral in satisfaction of the obligation and that the sale was not conducted in a “commercially reasonable” manner after an eight month delay. The bankruptcy court overruled the objection. The debtors appeal. We AFFIRM.
I. FACTS
On July 14, 1989, the…
2Cases cited20 opinions
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- Nelson v. ArmstrongIdaho Supreme Court · 1978
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