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IN RE SUN OK KIM

Civ. Nos. 87-254, 87-255 and 87-256.

89 B.R. 116 (1987)

In re SUN OK KIM, aka Sunny Kim, Debtor. In re SUNNY'S COLLECTIBLES, INC., Debtor. In re THINGS EUROPEAN, INC., Debtor.

United States District Court, D. Hawaii.

December 17, 1987.

Attorney(s) appearing for the Case

Mark Zen and Eric Zen, John Shimizu, Renton L.K. Nip, and Charles R. Ching, Honolulu, Hawaii, for debtor.

Jeffrey C. Wilk, Hong Iwai and Hulbert, Honolulu, Hawaii, for Liberty Bank.

Ralph S. Aoki, Honolulu, Hawaii, Trustee.

Gerald I. Fujita, Honolulu, Hawaii, Trustee.

Robert M. Ehrhorn, Honolulu, Hawaii, for Larry Takatsuka.

Milton Y.H. Soo, Honolulu, Hawaii, for Made in Italy Imports Inc.

William Meheula, Honolulu, Hawaii, for S & M Partners and 1221 Kapiolani Partners.

Deborah A. Ching, Honolulu, Hawaii, for North American Watch Corp., etc.

ORDER AFFIRMING IN PART BANKRUPTCY COURT'S DECISION AND REMANDING IN PART

KAY, District Judge.

I. BACKGROUND

In April of 1983, debtors Sun Ok Kim, Things European, Inc. (Things European), and Sunny's Collectibles, Inc. (Sunny's) filed for bankruptcy under Chapter 7. The three cases were consolidated for joint administration.

Things European owed Liberty Bank $309,450.23. The debt was guaranteed by Sun Ok Kim. Sun Ok Kim owed an additional...

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