IN RE COMPTON IMPRESSIONS, LTD.

Nos. 98-56701, 98-56800.

217 F.3d 1256 (2000)

In re: COMPTON IMPRESSIONS, LTD., a California limited partnership, Debtor. Compton Impressions, Ltd., a California limited partnership, Appellant, v. Queen City Bank, N.A.; Cerritos Valley Bank; Pacific Business Bank, Appellees. In re: Compton Impressions, Ltd., a California limited partnership, Debtor. Queen City Bank, N.A.; Cerritos Valley Bank; Pacific Business Bank, Appellants, v. Compton Impressions, Ltd., a California limited partnership, Appellee.

United States Court of Appeals, Ninth Circuit.

Filed July 11, 2000.


Attorney(s) appearing for the Case

Brian Davidoff, Rutter, O'Sullivan, Greene & Hobbs, Los Angeles, California, for Compton Impressions, Ltd., Debtor.

Steven Casselberry, Newport Beach, California, for Queen City Bank, N.A., Cerritos Valley Bank, and Pacific Business Bank.

Before: HUG, Chief Judge, THOMPSON, Circuit Judge, and RESTANI, Court of International Trade Judge.


DAVID R. THOMPSON, Circuit Judge:

OVERVIEW

Compton Impressions, Ltd. ("Compton" or "the Debtor") obtained a $2,375,000 construction loan from Queen City Bank, N.A., Cerritos Valley Bank, and Pacific Business Bank (collectively, "the Banks") to develop a residential real estate project in Compton, California, but defaulted on the loan when the unpaid balance was $1,723,165. Compton filed for Chapter 11 reorganization...

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