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In Re Coal-X Ltd. v. Seattle First National Bank
881 F.2d 865
| 1st Cir. | 1989
|
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881 F.2d 865

In re COAL-X LTD., "76", Debtor.
C & C COMPANY, a West Virginia corporation, successor in
interest to Walter Kellogg, Trustee, Plaintiff-Appellant.
v.
SEATTLE FIRST NATIONAL BANK, Defendant-Appellee.

No. 86-2557.

United States Court of Appeals,
Tenth Circuit.

July 26, 1989.
Rehearing Denied Oct. 26, 1989.

Michael N. Zundel of Jardine, Linebaugh, Brown & Dunn, Salt Lake City, Utah, for plaintiff-appellant.

Peter W. Billings, Jr. (Gary E. Jubber with him on the brief), of Fabian & Clendenin, Salt Lake City, Utah, for defendant-appellee.

Before McKAY, BARRETT, and EBEL, Circuit Judges.

McKAY, Circuit Judge.

1

We affirm the decision of the district court which reversed, in part, the bankruptcy court. We affirm for the reasons given in the district court's opinion which we have directed to be published. 103 B.R. 276. The rule established in that opinion is that 11 U.S.C. Sec. 105(a) (1982) providing for equitable apportionment prevails over a contrary state rule providing for nonapportionment of rents. In this we join the Second Circuit. S & W Holding Co. v. Kuriansky, 317 F.2d 666 (2d Cir.1963).

2

The district court correctly found that the bankruptcy court erred in refusing to add interest to the amount secured by the landlord's lien. The landlord is entitled to interest on the full $85,000 accruing from May 1, 1984, to May 18, 1984. To the extent that it can be read otherwise, the district court opinion is reversed on that point.

3

AFFIRMED in part and REVERSED in part.

Case Details

Case Name: In Re Coal-X Ltd. v. Seattle First National Bank
Court Name: Court of Appeals for the First Circuit
Date Published: Oct 26, 1989
Citation: 881 F.2d 865
Docket Number: 86-2557
Court Abbreviation: 1st Cir.
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