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IN RE SHAMBLIN

No. 88-5840.

890 F.2d 123 (1989)

In re William B. SHAMBLIN; Grace G. Shamblin, Debtors. PHOENIX BOND & INDEMNITY COMPANY; Stanford D. Marks; Debois Investment Group, Inc., Appellants, v. William B. SHAMBLIN; Grace Shamblin, Appellees.

United States Court of Appeals, Ninth Circuit.

Decided June 30, 1989.

As Amended on Denial of Rehearing and Rehearing November 22, 1989.

Attorney(s) appearing for the Case

Russell H. Rapoport, Encino, Cal., for appellants.

Gerard C. Heldrich, Jr., Chicago, Ill., for appellees.

Before WRIGHT and FARRIS, Circuit Judges, and SMITH, District Judge.

As Amended on Denial of Rehearing and Rehearing En Banc November 22, 1989.

EUGENE A. WRIGHT, Circuit Judge.

Phoenix Bond & Indemnity Company, Stanford D. Marks, and DeBois Investment Group, Inc., appeal the decision of the Bankruptcy Appellate Panel. The panel reversed the bankruptcy court's refusal to set aside the tax sale of Grace Shamblin's real property. The panel also granted the tax sale purchaser a lien on the property to the extent of present...

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