IN RE L & J ANAHEIM ASSOCIATES

No. 92-55435.

995 F.2d 940 (1993)

In re L & J ANAHEIM ASSOCIATES, Debtor. L & J ANAHEIM ASSOCIATES, Plaintiff-Appellant, v. KAWASAKI LEASING INTERNATIONAL, INC., Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided June 17, 1993.


Attorney(s) appearing for the Case

Richard M. Moneymaker, Moneymaker & Kelley, Los Angeles, CA, for plaintiff-appellant.

Dane L. Miller, Marks & Murase, Los Angeles, CA, for defendant-appellee.

Before: WALLACE, Chief Judge; O'SCANNLAIN and FERNANDEZ, Circuit Judges.


O'SCANNLAIN, Circuit Judge:

We consider whether a creditor whose legal rights would be changed under a Chapter 11 plan is "impaired" under the plan as that term is defined by the Bankruptcy Code.

I

L & J Anaheim Associates ("L & J"), a limited partnership, owned a single piece of real property, a hotel. Kawasaki Leasing International, Inc. ("Kawasaki") held a security interest in the hotel as collateral to secure a $13.2 million non-recourse...

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