In Re: Airlux Aircraft, Inc.

O cc: USBK 3 JS-6 5 6 7 UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA 10 IN RE AIRLUX AIRCRAFT, INC., Case No. 2:20-cv-04740-JWH

Debtor.

MEMORANDUM OPINION RE

AIRLUX AIRCRAFT, INC., APPEAL FROM ORDER OF THE

BANKRUPTCY COURT

Appellant, GRANTING RETROACTIVE

RELIEF FROM THE AUTOMATIC

v. STAY

SECURED INCOME FUND-II, LLC,

Appellee.

18 19 20 21 22 23 24 25 26 27 Chapter 7 Debtor Airlux Aircraft, Inc. appeals an order granting the motion of Creditor Secured Income Fund-II, LLC (“SIF-II”) for retroactive relief from the automatic stay under 11 U.S.C. §§ 362(d)(2) & (d)(4). For the reasons set forth below, this Court AFFIRMS. I. BACKGROUND A. The Bankruptcy Case On September 30, 2018, Airlux filed a petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy…