16 Collier bankr.cas.2d 1509, Bankr. L. Rep. P 71,795 in Re Cascade Hydraulics and Utility Service, Inc. Central Bank of Montana, a Montana Banking Corporation v. Cascade Hydraulics and Utility Service, Inc., Debtor-Appellee

815 F.2d 546 16 Collier Bankr.Cas.2d 1509 , Bankr. L. Rep. P 71,795 In re CASCADE HYDRAULICS AND UTILITY SERVICE, INC. CENTRAL BANK OF MONTANA, a Montana banking corporation, Respondent-Appellant. v. CASCADE HYDRAULICS AND UTILITY SERVICE, INC., Debtor-Appellee. No. 86-3968. United States Court of Appeals, Ninth Circuit. Submitted April 7, 1987. * Decided April 20, 1987. Ward E. Taleff, Great Falls, Mont., for respondent-appellant. Gregory H. Warner, Great Falls, Mont., for debtor-appellee. Appeal from the United States District Court for the District of Montana. Before BROWNING, WRIGHT and HALL, Circuit Judges. EUGENE A. WRIGHT, Senior Circuit Judge: 1 Central Bank of Montana appeals a district court decision allowing payment of administrative expenses from the sale of Central's secured collateral. The district court affirmed the bankruptcy court's award of the expenses. We reverse. BACKGROUND 2 Prior to filing its chapter 11 bankruptcy, Cascade Hydraulics and Utility Services, Inc. executed a credit agreement with Central Bank for an on-going line of credit. The agreement was secured by Cascade's goods, merchandise, and inventory. 3 When Cascade filed its bankruptcy petition,…