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MATTER OF SPRINGPARK ASSOC.

No. 78-1739.

623 F.2d 1377 (1980)

In the Matter of SPRINGPARK ASSOCIATES, a Limited Partnership, Debtor-Appellant. CROWN LIFE INSURANCE CO., Plaintiff-Appellee, v. SPRINGPARK ASSOCIATES, a Limited Partnership.

United States Court of Appeals, Ninth Circuit.

Decided July 25, 1980.

Attorney(s) appearing for the Case

Jon R. Moss, Los Angeles, Cal., for debtor-appellant.

Joseph Bernfeld, Los Angeles, Cal., for plaintiff-appellee.

Before TUTTLE, WALLACE and NELSON, Circuit Judges.

TUTTLE, Circuit Judge:

This is an appeal by a debtor from an order of a bankruptcy court, lifting an automatic stay which resulted in the sale of the debtor's property. The district court affirmed the judgment of the bankruptcy court. We also affirm the judgment.

In 1972, Springpark Associates (Springpark), a one-asset limited partnership, borrowed $650,000, securing the loan with a trust deed which was subsequently assigned to Crown Life Insurance Company...

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