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IN RE KF DAIRIES, INC.

Bankruptcy No. LA 86-12940-BR, BAP Nos. CC-91-2235-OPMe, CC-91-2237-OPMe.

143 B.R. 734 (1992)

In re KF DAIRIES, INC., Debtor. COMMITTEE OF UNSECURED CREDITORS, Appellant, v. COMMODITY CREDIT CORPORATION, Appellee. COMMITTEE OF UNSECURED CREDITORS, Appellant, v. NATIONAL DAIRY PROMOTION AND RESEARCH BOARD, Appellee.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided August 18, 1992.

Attorney(s) appearing for the Case

Aaron P. Allan, Los Angeles, Cal., for Committee of Unsecured Creditors.

Jan L. Luymes, Los Angeles, Cal., for National Dairy Bd.

Before OLLASON, PERRIS, and MEYERS, Bankruptcy Judges.

OPINION

OLLASON, Bankruptcy Judge:

The bankruptcy court overruled objections to claims because the allegedly avoidable transfers upon which the objections were based occurred outside the applicable limitations period. These timely appeals followed and we reverse.

FACTS

Appellee Commodity Credit Corporation in BAP No. CC-91-2235 and Appellee National Dairy Promotion and Research Board in BAP No. CC-91-2237 (hereafter collectively "Appellees...

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