Case ID: f-appx_21/html/0574-01.html
Source: Caselaw Access Project
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Date Created: 2024-08-24T03:29:51.129683

In re Marjorie Ann GUINDON, James Guy Guindon, and Past Times Antiques, Debtors. Marjorie Ann Guindon, James Guy Guindon, and Past Times Antiques, Appellants, v. Ventura Bancorp, a California corporation; Lindsay Nielson, State Court Receiver for CCF Income Fund and Equivest, California limited partnerships; Richard H. Beguelin, Trustee of the Beguelin Family Trust; Bruce A. Olson, D.P.M., Inc., Pension Trust, Appellees.
    No. 99-56818.
    BAP No. CC-98-01918-BCMe.
    United States Court of Appeals, Ninth Circuit.
    Argued and Submitted June 7, 2001.
    Decided June 15, 2001.
    Before D.W. NELSON, FERNANDEZ, and RYMER, Circuit Judges.
   MEMORANDUM

Marjorie Ann Guindon and James Guy Guindon (Guindons) appeal the Bankruptcy Appellate Panel’s (BAP) decision affirming the bankruptcy court’s judgment in favor of CCF Income Fund, Equivest, Bruce A. Olson, D.P.M., Inc. Pension Trust and Richard H. Beguelin Family Trust (Creditors). We have jurisdiction, 28 U.S.C. § 158(d); 28 U.S.C. § 1291, and we affirm.

The Guindons raise a number of arguments, all of which boil down to this: that their Chapter 13 Plan provided for the Creditors’ claim, thus satisfying the Guindons’ debt in full by transfer of their residential property. We disagree, essentially for reasons stated by the bankruptcy court. The Plan did not mention the commercial property or the Creditors’ lien on it, nor did it indicate how the Guindons would retain that property free and clear of the Creditors’ secured interest. Therefore, whether or not the Plan provided for the Creditors’ claim, it did not “provide for” the lien interest against the commercial property. See Lawrence Tractor Co. v. Gregory, 705 F.2d 1118, 1122 (9th Cir.1983). In these circumstances, as both BAP and the bankruptcy court held, the Creditors’ lien in the commercial property was not extinguished by confirmation of the Plan and passed through it unaffected. See Dewsnup v. Timm, 502 U.S. 410, 418, 112 S.Ct. 773, 116 L.Ed.2d 903 (1992). Great Lakes Higher Educ. Corp. v. Pardee (In re Pardee), 193 F.3d 1083 (9th Cir.1999), does not require a different result because in Pardee, unlike here, the plan contained a provision that expressly purported to discharge the particular debt.

The bankruptcy court did not err in rejecting the Guindons’ satisfaction theory in the adversary proceeding. The Plan did not specifically provide for release of the Creditors’ lien on the commercial property in exchange for the residential property. Absent any property values in the Plan, or in evidence, the court did not clearly err in finding that the Creditors’ claim ($230,000) was not treated fairly and equitably by tender of the residential property on which Creditors held a third trust deed behind more than $150,000 of debt in default.

AFFIRMED. 
      
       This disposition is not appropriate for publication and may not be cited to or by the courts of this circuit except as provided by 9th Cir. R. 36-3.