Seattle Mortgage Federal National Mortgage Association, Creditors--Appellees v. Robert L. Boyd, Debtor--Appellant

15 F.3d 1089 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. SEATTLE MORTGAGE; Federal National Mortgage Association, Creditors--Appellees, v. Robert L. BOYD, Debtor--Appellant. No. 92-36568. United States Court of Appeals, Ninth Circuit. Submitted Dec. 15, 1993. * Decided Dec. 23, 1993. 1 Before: BROWNING, NORRIS, and O'SCANNLAIN, Circuit Judges 2 MEMORANDUM ** 3 Chapter 11 debtor/appellant Robert L. Boyd appeals the district court's order affirming the bankruptcy court's decision to deny confirmation of his reorganization plan and to grant creditor/appellee Seattle Mortgage relief from the automatic bankruptcy stay. Specifically, Boyd argues that (1) the bankruptcy court erred in ruling that there is no "new value" exception to the absolute priority rule, 11 U.S.C. Sec. 1129 ; (2) the bankruptcy court erred by refusing to consider whether his plan could be confirmed over Seattle Mortgage's objection and by granting Seattle Mortgage relief from the bankruptcy stay which…