In Re Bering Trader, Inc.

944 F.2d 500 22 Bankr.Ct.Dec. 86 , Bankr. L. Rep. P 74,291 , 15 UCC Rep.Serv.2d 1037 In re BERING TRADER, INC.; Kemp Pacific Fisheries, Inc., Debtors. PHILIP MORRIS CAPITAL CORPORATION, formerly known as Philip Morris Credit Corporation, Appellant, v. BERING TRADER, INC., William Friedhoff, Jr., Trustee of the Bering Trader, Inc., Bankruptcy Estate; Thomas Hansen, Trustee of the Kemp Pacific Fisheries, Inc. Bankruptcy Estate, Appellees. No. 90-35870. United States Court of Appeals, Ninth Circuit. Argued and Submitted Aug. 1, 1991. Decided Sept. 10, 1991. George E. Frasier, Riddell, Williams, Bullitt & Walkinshaw, Seattle, Wash., for plaintiff-appellant/cross-appellee. Kristi M. Wallis, Culp, Guterson & Grader, Seattle, Wash., for defendants-appellees. Appeal from the Ninth Circuit Bankruptcy Appellate Panel. Before WRIGHT, BEEZER and WIGGINS, Circuit Judges. EUGENE A. WRIGHT, Circuit Judge: 1 In this case we examine the scope of section 552 of the Bankruptcy Code, 11 U.S.C. § 552 . In particular, we consider whether a prepetition security interest in accounts, general intangibles and proceeds may extend to rents received postpetition under a vessel subcharter. The…