In Re Verco Industries

704 F.2d 1134 8 Collier Bankr.Cas.2d 554 , 10 Bankr.Ct.Dec. 819 , Bankr. L. Rep. P 69,568 , 36 UCC Rep.Serv. 258 In re VERCO INDUSTRIES, a California corporation, Debtor. VERCO INDUSTRIES, a California corporation, Debtor-in-possession, Plaintiff-Appellee, v. SPARTAN PLASTICS, a Partnership, Ernie J. Beigel, a General Partner, and Cecil Sills, a General Partner, Defendants-Appellants. No. 81-5298. United States Court of Appeals, Ninth Circuit. Argued and Submitted July 6, 1982. Decided April 27, 1983. George F. Hemingway, Marshall, Bratter, Greene, Allison & Tucker, Los Angeles, Cal., for defendants-appellants. Robert A. Greenfield, Alan Pedlar, Stutman, Treister & Glatt, Los Angeles, Cal., for plaintiff-appellee. Appeal from the Bankruptcy Appellate Panel for the Ninth Circuit. Before ALARCON, POOLE, and BOOCHEVER, Circuit Judges. BOOCHEVER, Circuit Judge. 1 This appeal from the Bankruptcy Appellate Panel, 10 B.R. 347 , presents a novel issue as to whether a debtor-in-possession which invalidated a sale for failure to comply with bulk transfer laws and retained the sale property for the benefit of the estate's creditors, may recover the balance owed on the sale free from…