Bankruptcy Appellate Panel of the First Circuit May 25, 2012, BAP Nos. PR 11-088, PR 11-089; Bankruptcy No. 09-01574-BKT; Adversary No. 10-00088-BKT (Banco Bilbao Vizcaya Argentaria Puerto Rico v. Vázquez)

BAILEY, Bankruptcy Judge.

Before this Panel are two appeals by Banco Bilbao Vizcaya Argentaría Puerto Rico (“BBVA”) from a total of three bankruptcy court orders. The appeals have been consolidated for briefing and oral argument. In the first, BAP No.