Legal Opinion
Plaza Resort at Palmas, Inc. v. Brito
Bankruptcy Appellate Panel of the First Circuit
Decided April 25, 2012No. BAP No. PR 11-055. Bankruptcy No. 09-09980-BKT. Adversary No. 10-00175-BKTPublishedCited by 5 opinions
1Per curiam
Before us is the appeal of Scotiabank de Puerto Rico (“Scotiabank”) from the bankruptcy court judgment dismissing its complaint seeking a declaratory judgment that numerous timeshare owners are general unsecured creditors. For the reasons set forth below, we AFFIRM the judgment of the bankruptcy court.
BACKGROUND
1. Pre-Petition Events
In June 2001, The Plaza Resort at Pal-mas, Inc. (“the Debtor”) established a timeshare regime on property located in Humacao, Puerto Rico (“the Property”). On the same date, it also granted a first mortgage on the Property (“Deed 9”) to The Bank and Trust of…
2Cases cited16 opinions
- Banco Santander De Puerto Rico v. Lopez-StubbeCourt of Appeals for the First Circuit · 2003
- Fleet Data Processing Corp. v. Branch (In Re Bank of New England Corp.)Bankruptcy Appellate Panel of the First Circuit · 1998
- Leonhard v. United StatesCourt of Appeals for the Second Circuit · 1980
- Boylan v. George E. Bumpus, Jr. Construction Co. (In Re George E. Bumpus, Jr. Construction Co.)Bankruptcy Appellate Panel of the First Circuit · 1998
- Acevedo Villalobos v. Hon. HernandezCourt of Appeals for the First Circuit · 1994
11 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Scotiabank de Puerto Rico v. BurgosCourt of Appeals for the First Circuit · 2014
- Marilyn Casanova v. Michael S. Polsky, Esq.Wisconsin Supreme Court · 2023
- Marilyn Casanova v. Michael S. Polsky, Esq.Wisconsin Supreme Court · 2023
- Scotiabank de Puerto Rico v. BurgosCourt of Appeals for the First Circuit · 2014
- Scotiabank de Puerto Rico v. BurgosCourt of Appeals for the First Circuit · 2014