In Re: Airlux Aircraft, Inc.

1 O 2 cc: USBK 3 4 JS-6 5 6 7 8 UNITED STATES DISTRICT COURT 9 FOR THE CENTRAL DISTRICT OF CALIFORNIA 10 11 IN RE AIRLUX AIRCRAFT, INC., Case No. 2:20-cv-04740-JWH

12 Debtor.

MEMORANDUM OPINION RE

13 AIRLUX AIRCRAFT, INC., APPEAL FROM ORDER OF THE

BANKRUPTCY COURT

14 Appellant, GRANTING RETROACTIVE

RELIEF FROM THE AUTOMATIC

15 v. STAY

16 SECURED INCOME FUND-II, LLC,

17 Appellee.

18 19 20 21 22 23 24 25 26 27 1 Chapter 7 Debtor Airlux Aircraft, Inc. appeals an order granting the 2 motion of Creditor Secured Income Fund-II, LLC (“SIF-II”) for retroactive 3 relief from the automatic stay under 11 U.S.C. §§ 362(d)(2) & (d)(4).1 For the 4 reasons set forth below, this Court AFFIRMS. 5 I. BACKGROUND 6 A. The Bankruptcy Case 7 On September 30, 2018, Airlux filed a petition under Chapter 11 of the 8 Bankruptcy Code in the U.S. Bankruptcy…