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IN RE ALPINE GROUP, INC.

BAP No. WW-92-1650-RMJ, Bankruptcy No. 90-08274.

151 B.R. 931 (1993)

In re ALPINE GROUP, INC., a Washington corporation, Debtor. James T. TAKISAKI, Universal Management, Inc., and Marylin O. Winkler, Appellants, v. ALPINE GROUP, INC., Appellee.

United States Bankruptcy Appellate Panel, Ninth Circuit.

Decided March 29, 1993.

Attorney(s) appearing for the Case

Margaret K. Dore, Seattle, WA, for appellants James T. Takisaki et al.

Christopher C. Meleney, Seattle, WA, for appellee Alpine Group.

Before RUSSELL, MEYERS, and JONES, Bankruptcy Judges.

OPINION

RUSSELL, Bankruptcy Judge:

The bankruptcy court disallowed the post-petition portion of the creditor's application for attorney's fees under § 506(b). REVERSED and REMANDED.

I. FACTS

Creditor-Appellant James T. Takisaki ("Takisaki") loaned the Debtor-Appellee Alpine Group, Inc. ("Alpine") $1.37 million as 100% financing for the purchase of unimproved real property known as Three Tree Point. The loan was secured by a first deed...

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