In Re Littleton

942 F.2d 551 60 USLW 2190 , 21 Bankr.Ct.Dec. 1619 , Bankr. L. Rep. P 74,211 In re Jack Elvin LITTLETON, Karen Littleton, Joel Dean Moore, Eunice Eileen Moore, dba K & V Applied Music, Debtors. TRANSAMERICA COMMERCIAL FINANCE CORPORATION (formerly known as "Borg-Warner Acceptance Corporation"), Appellant, v. Jack Elvin LITTLETON, Joel Dean Moore and Eunice Eileen Moore, Appellees. No. 90-15002. United States Court of Appeals, Ninth Circuit. Argued and Submitted April 9, 1991. Memorandum Filed May 7, 1991. Order and Opinion Filed Aug. 12, 1991. Ronald H. Sargis, Hefner, Stark & Marois, Sacramento, Cal., for appellant. Mark W. Briden, Redding, Cal., for appellees. Appeal from the Bankruptcy Appellate Panel for the Ninth Circuit. Before PREGERSON, NOONAN and THOMPSON, Circuit Judges. ORDER The memorandum disposition filed May 7, 1991, 931 F.2d 897 , is redesignated as a per curiam opinion. OPINION PER CURIAM: BACKGROUND 1 Transamerica Commercial Finance Corporation (formerly known as "Borg-Warner Acceptance Corporation" or BWAC) is a commercial lending company that provides inventory financing to retail businesses. 1 Debtors Jack Elvin Littleton, Joel Dean Moore, and Eunice…