In Re Bishop Financial Corporation, Debtor.bishop Financial Corporation, Appellant, v. First Nationwide Bank, Appellee, 59 F.3d 174 (9th Cir. 1995)

 Annotate this Case
U.S. Court of Appeals for the Ninth Circuit - 59 F.3d 174 (9th Cir. 1995) Submitted June 8, 1995. *Decided June 12, 1995

Before: WALLACE, Chief Judge, and KOZINSKI and RYMER, Circuit Judges.

MEMORANDUM** 

The plain language of the bankruptcy court's order states that the automatic stay "is annulled effective as of the bankruptcy filing." ER 16. We agree with both the bankruptcy court and the Bankruptcy Appellate Panel that the effect of this language was to grant First Nationwide Bank retroactive relief from the stay. As the BAP concluded, then, "there was no stay in effect at the time of the foreclosure sale and FNB's foreclosure sale and subsequent acts ... could not violate the stay." ER 111; see In re Schwartz, 954 F.2d 569, 573 (9th Cir. 1992). Because the bankruptcy court's order precluded Bishop Financial from recovering damages, the adversary proceeding was properly dismissed with prejudice.

AFFIRMED.

 *

The panel unanimously finds this case suitable for decision without oral argument. Fed. R. App. P. 34(a); 9th Cir.R. 34-4

 **

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

Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.