IN RE CROSBY

BAP No. EC-94-1566-RJC. Bankruptcy No. 91-21031-A-7.

176 B.R. 189 (1994)

In re Ralph W. CROSBY; Beverly F. Crosby, Debtors. Ralph W. CROSBY; Beverly F. Crosby, Appellants, v. Douglas REED; Gayle Reed, Appellees.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided December 22, 1994.


Attorney(s) appearing for the Case

Helga A. White, Sacramento, CA, for appellants.

Dennis K. Cowan, Redding, CA, for appellees.

Before RUSSELL, JONES and CARLSON, Bankruptcy Judges.


OPINION

RUSSELL, Chief Judge:

The debtors filed an objection to an amended proof of claim filed by a secured party after the secured party foreclosed on the collateral eight months after repossession. The debtors assert, in an effort to bar the secured party from obtaining a deficiency judgment, that the secured party elected to retain the collateral in satisfaction of the obligation and that the sale was not conducted in a "commercially reasonable...

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