Citibank, N.A. v. Transamerica Commercial Finance Corp. (In Re Sun Runner Marine, Inc.)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
2Per curiam
The appellant, Citibank, N.A. (“Citibank”), appeals an order allowing a superp-riority administrative claim arising from the failure of adequate protection and subordinating the claim to the administrative expenses in the superseding Chapter 7 case. We AFFIRM.
FACTS
Citibank loaned the debtor, Sun Runner Marine, Inc., approximately $7,000,000 secured by all of the debtor’s property and the proceeds thereof. The debtor failed to repay the loan when due and filed its Chapter 11 petition on April 28, 1989.
When the debtor moved for authority to use Citibank’s cash collateral, Citibank…
3Cases cited12 opinions
- Philbrook v. GlodgettSupreme Court of the United States · 1975
- In Re Codesco, Inc.United States Bankruptcy Court, S.D. New York · 1982
- Great Western Saving Bank v. Orvco, Inc. (In Re Orvco, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1989
- In Re CallisterUnited States Bankruptcy Court, D. Utah · 1981
- In Re Donald MacNeil in Re Sharlee MacNeil Debtors. American State Bank Cit Financial Services, Inc. v. Thomas G. MarksCourt of Appeals for the Ninth Circuit · 1990
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4Cited by17 opinions
- In Re Lochmiller Industries, Inc.United States Bankruptcy Court, S.D. California · 1995
- National Labor Relations Board v. Walsh (In Re Palau Corp.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1992
- Industrial Commission of Arizona v. Solot (In Re Sierra Pacific Broadcasters)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1995
- In Re EhrmanUnited States Bankruptcy Court, D. Arizona · 1994
- In Re Tel-Central Communications, Inc.United States Bankruptcy Court, W.D. Missouri · 1997
12 more not listed; retrieve them via the Exa API.