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IN RE SUN RUNNER MARINE, INC.

BAP No. EW-91-1246-PMeJ, Bankruptcy No. 89-01425 K1R.

134 B.R. 4 (1991)

In re SUN RUNNER MARINE, INC., Debtor. CITIBANK, N.A., Appellant, v. TRANSAMERICA COMMERCIAL FINANCE CORPORATION, Sun Runner Marine, Inc. dba Sun Runner Yachts, Jack R. Reeves, Trustee, Appellees.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided December 19, 1991.

Attorney(s) appearing for the Case

Frank T. Pepler, San Francisco, Cal., for appellant.

Jack R. Reeves, Trustee, in pro. per.

Before PERRIS, MEYERS, and JONES, Bankruptcy Judges.

OPINION

PER CURIAM:

The appellant, Citibank, N.A. ("Citibank"), appeals an order allowing a superpriority administrative claim arising from the failure of adequate protection and subordinating the claim to the administrative expenses in the superseding Chapter 7 case. We AFFIRM.

FACTS

Citibank loaned the debtor, Sun Runner Marine, Inc., approximately $7,000,000 secured by all of the debtor's property and the proceeds thereof. The debtor...

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