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IN RE NACIO SYSTEMS, INC.

Bankruptcy No. 08-10078. Adversary No. 08-1098.

410 B.R. 38 (2009)

In re NACIO SYSTEMS, INC., Debtor. Nacio Investment Group, LLC, Plaintiff, v. Nacio Systems, Inc., Defendant.

United States Bankruptcy Court, N.D. California.

May 13, 2009.

Attorney(s) appearing for the Case

David J. Cook, Cook Collection Attorneys, P.L.C., San Francisco, CA, for Plaintiff.

Craig K. Welch, Welch and Olrich, Petaluma, CA, for Defendant.

Memorandum After Trial

ALAN JAROSLOVSKY, Bankruptcy Judge.

In 2002, a company known as Nacio Systems, Inc., a California corporation ("Nacio California"), filed an Chapter 11 petition in this court. That case culminated in a confirmed plan of reorganization in 2003. The means for performance of that plan was up to $500,000.00 in financing to be supplied by plaintiff Nacio Investment Group, LLC ("NIG"). The plan provided that NIG would have a lien on the...

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