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IN RE PALOMAR TRUCK CORP.

No. 90-56112.

951 F.2d 229 (1991)

In re PALOMAR TRUCK CORPORATION, dba Palomar R. V., Debtor. NORTH COUNTY JEEP AND RENAULT, INC., Appellant, v. GENERAL ELECTRIC CAPITAL CORPORATION, Appellee.

United States Court of Appeals, Ninth Circuit.

Decided December 16, 1991.

Attorney(s) appearing for the Case

Alan L. Williams, San Diego, Cal., for appellant.

Gregory B. Beam and Sam M. Muriella, Hart, King and Coldren, Santa Ana, Cal., for appellee.

Before BROWNING, ALARCON and T.G. NELSON, Circuit Judges.

PER CURIAM:

Palomar Truck Corporation, which operated a motor vehicle dealership, filed a voluntary Chapter 11 petition. A trustee was appointed. The Trustee met with a representative of North County Jeep and Renault, Inc. ("North County"), and agreed to sell the dealership to North County for $150,000. The trustee and North County agreed the dealership must remain open to preserve the new car franchises pending court approval of the sale. Palomar lacked the money...

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