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IN RE WOODSON CO.

Nos. 85-2698, 85-2714.

813 F.2d 266 (1987)

In re: The WOODSON COMPANY, Debtor. FIREMAN'S FUND INSURANCE COMPANIES, et al., Plaintiffs-Appellees, v. William B. GROVER, Trustee, and Official Unsecured Creditors' Committee, Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Decided March 25, 1987.

Attorney(s) appearing for the Case

Margaret Sheneman, San Francisco, Cal., for plaintiffs-appellees.

Alan Jaroslovsky and Philip S. Warden, Santa Rosa, Cal., for defendants-appellants.

Before BROWNING, Chief Judge, FLETCHER and NELSON, Circuit Judges.

FLETCHER, Circuit Judge:

Appellant, trustee in bankruptcy, appeals from a summary judgment excluding assets from the bankrupt estate. We reverse and remand.

FACTS

In 1984, the debtor, Woodson Company (Woodson), a licensed mortgage broker, filed under chapter 11 of the Bankruptcy Code. At the time of bankruptcy Woodson had a loan portfolio worth $65 million composed of approximately 380 loans secured by deeds of trust to real estate; approximately...

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