Legal Opinion
In re W.J. Bradley Mortgage Capital, LLC
United States Bankruptcy Court, D. Delaware
Decided February 1, 2019No. Case No. 16-11049 (KG) (Jointly Administered); Adv. Pro. No. 18-50385 (KG)PublishedCited by 21 opinions
1Opinion of the Court
3. Coupon Payments to Springfield and Picknelly
During the two years prior to the Petition Date, Springfield received monthly cash dividends of $ 71,875 from WJB Mortgage Capital and WJB SEED (the "Springfield Coupon Payments").3 Compl. ¶ 90. The monthly dividend payments started in May 2014 and ended in February 2016.4 Compl. §§ 90, 91, Ex. D. The Springfield Coupon Payments totaled $ 1,463,472.22. Id.
WJB Mortgage Capital and WJB SEED also paid Picknelly monthly cash dividends of $ 7,500 during the two-year period prior to the Petition Date (the "Picknelly Coupon Payments").5 Compl. ¶ 92. The…
2Cases cited41 opinions
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3Cited by21 opinions
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