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IN RE WONDERBOWL, INC.

No. 71-1303.

460 F.2d 1220 (1972)

In the Matter of WONDERBOWL, INC., a California corporation, Debtor. WRATHER CORPORATION, Petitioner-Appellant, v. SECURITY PACIFIC NATIONAL BANK et al., Respondents-Appellees, George T. Goggin, Trustee-Appellee.

United States Court of Appeals, Ninth Circuit.

April 11, 1972.

Attorney(s) appearing for the Case

Robert H. Shutan (argued), of Shutan & Trost, Los Angeles, Cal., Kaplan, Livingston, Goodwin, Berkowitz & Selvin, Beverly Hills, Cal., for appellant.

C. E. H. McDonnell (argued), Buchalter, Nemer, Fields & Savitch, Robert Fitzpatrick, Los Angeles, Cal., for appellees.

Before BROWNING and DUNIWAY, Circuit Judges, and COPPLE, District Judge.

DUNIWAY, Circuit Judge:

Wrather Corporation appeals from the district court's order refusing to permit Wrather to withdraw its successful bid for certain property owned by the debtor Wonderbowl, Inc. We reverse.

In a proceeding under Chapter X of the Bankruptcy Act, 11 U.S.C. § 501ff, the Trustee of Wonderbowl, Inc. offered for sale at a court-authorized auction, "free and clear of liens and encumbrances," three parcels of land owned by Wonderbowl. At...

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