25 Collier bankr.cas.2d 1734, Bankr. L. Rep. P 74,391 in Re Palomar Truck Corporation, Dba Palomar R v. Debtor. North County Jeep and Renault, Inc. v. General Electric Capital Corporation

951 F.2d 229 25 Collier Bankr.Cas.2d 1734 , Bankr. L. Rep. P 74,391 In re PALOMAR TRUCK CORPORATION, dba Palomar R.V., Debtor. NORTH COUNTY JEEP AND RENAULT, INC., Appellant, v. GENERAL ELECTRIC CAPITAL CORPORATION, Appellee. No. 90-56112. United States Court of Appeals, Ninth Circuit. Submitted Oct. 8, 1991 * . Decided Dec. 16, 1991. Alan L. Williams, San Diego, Cal., for appellant. Gregory B. Beam and Sam M. Muriella, Hart, King and Coldren, Santa Ana, Cal., for appellee. Appeal from the Ninth Circuit Bankruptcy Appellate Panel. Before BROWNING, ALARCON and T.G. NELSON, Circuit Judges. PER CURIAM: 1 Palomar Truck Corporation, which operated a motor vehicle dealership, filed a voluntary Chapter 11 petition. A trustee was appointed. The Trustee met with a representative of North County Jeep and Renault, Inc. ("North County"), and agreed to sell the dealership to North County for $150,000. The trustee and North County agreed the dealership must remain open to preserve the new car franchises pending court approval of the sale. Palomar lacked the money to continue operating the business. North County agreed to operate the dealership while the Trustee obtained court approval of the…