- 11 U.S.C.
Far East Natl Bank v. United States Trustee San Diego (In re Premier Golf Props. LP)
Aug
13
2012
Ruling
"After acquired" clause in security agreement did not apply to postpetition earnings which were not cash collateral.
Procedural posture
Appellant bank filed a motion to prohibit appellee debtor from using cash collateral. The U.S. Bankruptcy Court for the Southern District of California denied the motion because it determined that revenue from debtor's postpetition green fees and driving range fees did not constitute the bank's cash collateral. The bank appealed. The U.S. Trustee, San Diego, was also an appellee.
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Court
:
Judge or Jurisdiction information not available