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IN RE AMERICAN AMBULANCE SERVICE, INC.

Bankruptcy No. 82-05441-P7.

46 B.R. 658 (1985)

In re AMERICAN AMBULANCE SERVICE, INC., a California corporation, Debtor.

United States Bankruptcy Court, S.D. California.

February 27, 1985.

Attorney(s) appearing for the Case

David L. Buchbinder, San Diego, Cal., trustee.

H. Brian Todd, Santa Ana, Cal., for La Jolla Bank & Trust Co.

MEMORANDUM OPINION

ROSS M. PYLE, Bankruptcy Judge.

I

BACKGROUND

On December 9, 1982, American Ambulance Service, Inc., a California Corporation (hereinafter "Debtor"), filed a Chapter 7 Petition; and on December 10, 1982, David Buchbinder was appointed trustee. Creditor, La Jolla Bank & Trust Co. (hereinafter "Bank"), was listed as a secured creditor with a claim of $35,000.00. The security held by Bank was described as all present...

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