IN RE MAX SUNG HI LIM

Bankruptcy Nos. 76-0474, 76-0475.

12 B.R. 821 (1981)

In re MAX SUNG HI LIM and Lily Sook Myeng Lim, Debtors.

United States Bankruptcy Court, D. Hawaii.

July 16, 1981.


Attorney(s) appearing for the Case

Edward C. Kemper, Honolulu, Hawaii, for Max Sung Hi Lim and Lily Sook Myeng Lim.

Bert S. Tokairin, Honolulu, Hawaii, pro se.

Elliot S. Enoki, Honolulu, Hawaii, for Internal Revenue Service.

Richard T. Kaneko, Honolulu, Hawaii, for Trustee, Ralph S. Aoki.

Harold M. Fong, Honolulu, Hawaii, for Finance Factors, Ltd.


FINDINGS OF FACT AND CONCLUSIONS OF LAW

JON J. CHINEN, Bankruptcy Judge.

Two properties owned by Debtors and subject to liens in favor of Finance Factors and the Internal Revenue Service were sold under the jurisdiction of this Court free and clear of all encumbrances, with the liens attaching to the proceeds of the sale. The issue before this Court is whether or not Finance Factors, as the holder of a valid lien on both properties, is entitled to the proceeds...

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