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PALO ALTO MUTUAL SAVINGS AND LOAN ASS'N v. WILLIAMS

No. 15105.

245 F.2d 77 (1957)

PALO ALTO MUTUAL SAVINGS AND LOAN ASSOCIATION, Appellant, v. Ralph E. WILLIAMS, Trustee in Bankruptcy of John E. Duskin, Formerly Known as John E. Duskin, General Contractors, Bankrupt, Appellee.

United States Court of Appeals Ninth Circuit.

May 20, 1957.

Attorney(s) appearing for the Case

Lorenz Costello, Palo Alto, Cal., Clarendon W. Anderson, Santa Rosa, Cal., Faber L. Johnston, Jr., San Jose, Cal., for appellant.

Shapro & Rothschild, Daniel Aronson, Jr., San Francisco, Cal., for appellee.

Edmund G. Brown, Atty. Gen., James E. Sabine, Asst. Atty. Gen., Ernest P. Goodman, Eugene B. Jacobs, Harry W. Low, Deputy Attys. Gen., for State of California, amicus curiae.

Before DENMAN, Chief Judge, and STEPHENS, HEALY, POPE, LEMMON, FEE, CHAMBERS, BARNES and HAMLEY, Circuit Judges.

DENMAN, Chief Judge.

This is an appeal from an order of the District Court for the Northern District of California, Southern Division, in a bankruptcy proceeding disallowing the claims of Palo Alto Mutual Savings & Loan Association, hereafter appellant, for simple post-bankruptcy interest on its two secured claims against the bankrupt estate.

Appellant lent the bankrupt funds secured by deeds of trust on two pieces of realty. The deeds recited that they...

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