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  5. 819 F.2d 242 (1987)
 

PUGET SOUND PROD. CREDIT v. OIL SCREW JOHNNY A

Nos. 85-4250, 85-4395.

819 F.2d 242 (1987)

PUGET SOUND PRODUCTION CREDIT ASSOCIATION, Plaintiff-Appellee, v. OIL SCREW JOHNNY A, in rem, et al., Defendants, and David Olney, Interested Party, Appellant, v. John Hinchman, Interested Party, Appellee.

United States Court of Appeals, Ninth Circuit.

Decided June 9, 1987.

Attorney(s) appearing for the Case

Kenneth P. Leyba, Parry Grover, Anchorage, Alaska, for plaintiff-appellee.

Charles W. Ray, Anchorage, Alaska, for interested party appellant.

Brian Carter Boyd, Anchorage, Alaska, for interested party appellee.

Before SKOPIL, FLETCHER and POOLE, Circuit Judges.

FLETCHER, Circuit Judge:

Olney appeals from the district court's refusal to confirm the sale of a vessel to him and its approval of a second sale of the vessel to another party. We affirm.

BACKGROUND

On May 30, 1985, the Oil Screw "Johnny A" ("Johnny A") was auctioned at a public Marshal's sale in Sitka, Alaska. Olney was the high bidder at $410,000. On June 7, 1985, Hinchman filed a timely objection to the sale and offered a bid of $451,000, a ten...

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