IN RE 240 NORTH BRAND PARTNERS, LTD.

BAP No. CC-95-2180-JHA1. Bankruptcy No. LA 92-22977-AA.

200 B.R. 653 (1996)

In re 240 NORTH BRAND PARTNERS, LTD., a California limited partnership, Debtor. 240 NORTH BRAND PARTNERS, LTD., a California limited partnership, Appellant, v. COLONY GFP PARTNERS, L.P. and GFP Asset One Limited Partnership, Appellees.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided August 29, 1996.


Attorney(s) appearing for the Case

Ivan L. Kallick, Los Angeles, CA, for appellant 240 North Brand Partners, Ltd.

Gary F. Torrell and Gwyneth A. Campbell, Los Angeles, CA, for appellees Colony GFP Partners, L.P. and GFP Asset One Ltd. Partnership.

Before: JONES, HAGAN, and ALLEY, Bankruptcy Judges.


OPINION

JONES, Bankruptcy Judge:

SUMMARY

A secured creditor obtained relief from stay to foreclose on the debtor's principal asset, a commercial building. The debtor attempted to allow the principal tenant out of an unfavorable lease the day before the foreclosure sale. The bankruptcy court refused to approve this agreement, forcing the lessee to attorn to the building's new owner. The debtor appeals. We AFFIRM.

I....

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