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IN RE ANDERSON

Bankruptcy No. 83-00089, BAP No. HI-85-1505-MeAsE.

66 B.R. 97 (1986)

In re Lilly C. ANDERSON aka L.C. Gross, Debtor. BANK OF HONOLULU, Appellant, v. Lilly C. ANDERSON, aka L.C. Gross and Trustee in Bankruptcy, Appellees.

United States Bankruptcy Appellate Panels of the Ninth Circuit.

Decided August 19, 1986.

Attorney(s) appearing for the Case

Gregory P. Conlan, Chun, Kerr & Dodd, Honolulu, Hawaii, for appellant.

Terry L. Day, Brown & Johnson, Honolulu, Hawaii, for appellees.

Before MEYERS, ASHLAND and ELLIOTT, Bankruptcy Judges.

OPINION

MEYERS, Bankruptcy Judge:

I

This appeal presents the issue of whether, under Section 506(c) of the Bankruptcy Code, a real estate broker is entitled to payment from the proceeds of the sale of property it arranged before the secured creditor has been paid in full. The trial court allowed such payment. We AFFIRM.

II

FACTS

The principal asset of the Debtor, Lilly C. Anderson, was real property located at 565 Portlock...

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