In Re Glasply Marine Industries, Inc., Debtor. Treasurer of Snohomish County, Washington v. Seattle-First National Bank
Court of Appeals for the First Circuit
1Opinion of the Court
FARRIS, Circuit Judge:
Snohomish County appeals the bankruptcy court’s denial of its request for property tax payment from the proceeds of the debt- or’s liquidation sale. Snohomish County argues that its property taxes should be granted first priority because: 1) the order approving the boat property sale authorized payment; 2) 11 U.S.C. § 506(c) requires payment of all reasonable and necessary costs to preserve property, including county taxes; and 3) it qualifies for an exception to the automatic stay pursuant to 11 U.S.C. §§ 362(b)(3) and 546(b). We affirm.
FACTS
On October 10, 1986, Glasply…
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