240 North Brand Partners, Ltd. v. Colony GFP Partners, L.P. (In Re 240 North Brand Partners, Ltd.)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
JONES, Bankruptcy Judge:
SUMMARY
A secured creditor obtained relief from stay to foreclose on the debtor’s principal asset, a commercial building. The debtor attempted to allow the principal tenant out of an unfavorable lease the day before the foreclosure sale. The bankruptcy court refused to approve this agreement, forcing the lessee to attorn to the building’s new owner. The debtor appeals. We AFFIRM.
I. FACTS
240 North Brand Partners, Ltd. (“240 North”) is a limited partnership which acquired an ownership interest in a commercial building (the “Property”) in 1986. The Property is…
2Cases cited14 opinions
- Alliance Mortgage Co. v. RothwellCalifornia Supreme Court · 1995
- In the Matter of Harry Fondiller, Debtor. Rosalyn Fondiller v. Jerome E. RobertsonCourt of Appeals for the Ninth Circuit · 1983
- Bank of Italy National Trust & Savings Ass'n v. BentleyCalifornia Supreme Court · 1933
- 25 Collier bankr.cas.2d 1728, Bankr. L. Rep. P 74,393 in Re Pecan Groves of Arizona, Debtor. Clarence Tilley, B & C Equities v. Robert Vucurevich, Trustee Skousen Jay Davis Allen Eide Ron Offutt Mel Clayton Gerie Clayton Ralph ThomasCourt of Appeals for the Ninth Circuit · 1991
- In Re Wilde Horse Enterprises, Inc.United States Bankruptcy Court, C.D. California · 1991
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- In Re SalazarUnited States Bankruptcy Court, S.D. California · 2011
- In Re KonetaUnited States Bankruptcy Court, D. Arizona · 2006
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