In Re Independence Village, Inc.
United States Bankruptcy Court, E.D. Michigan
1Opinion of the Court
MEMORANDUM OPINION RE: NEW CENTURY BANK’S MOTION FOR POSSESSION OF PREMISES OR IN THE ALTERNATIVE FOR RELIEF FROM THE STAY
ARTHUR J. SPECTOR, Bankruptcy Judge.
Independence Village, Inc. is a Michigan non-profit corporation which operates a 252-unit life-care facility for the elderly, located in Frankenmuth, Michigan. Its construction was financed by a loan made to it by the Economic Development Corporation of the City of Frankenmuth (“EDC”). The EDC borrowed the $14 million necessary for the construction of the facility from approximately 1,000 individuals and institutions, in return for its…
2Cases cited42 opinions
- United States v. TimmreckSupreme Court of the United States · 1979
- In Re American Mariner Industries, Inc., Debtor. Crocker National Bank v. American Mariner Industries, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1984
- Memphis Bank & Trust Company v. Linda Gail WhitmanCourt of Appeals for the Sixth Circuit · 1982
- Lynch v. Johns-Manville Sales Corp.Court of Appeals for the Sixth Circuit · 1983
- 12 Collier bankr.cas.2d 323, Bankr. L. Rep. P 70,286 in Re Monnier Brothers, a Partnership, Alan Dale Monnier and Janice Irene Monnier Thomas Richard Monnier and Bonnie Lavonne Monnier, Debtors. Prudential Insurance Company of America v. Alan Dale Monnier, Janice Irene Monnier, Thomas Richard Monnier and Bonnie Lavonne Monnier, in Re Monnier Brothers, a Partnership, Alan Dale Monnier and Janice Irene Monnier Thomas Richard Monnier and Bonnie Lavonne Monnier, Debtors. Prudential Insurance Company of America v. Alan Dale Monnier, Janice Irene Monnier, Thomas Richard Monnier and Bonnie Lavonne MonnierCourt of Appeals for the Eighth Circuit · 1985
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3Cited by43 opinions
- In Re Pch Associates, F/k/a Simon Associates, Debtor. Liona Corporation, N v. V. Pch AssociatesCourt of Appeals for the Second Circuit · 1986
- M & I First National Bank v. Episcopal Homes Management, Inc.Court of Appeals of Wisconsin · 1995
- In Re Moreggia & Sons, Inc. City of San Francisco Market Corporation v. Edward M. Walsh, Trustee American Poultry Company, CreditorCourt of Appeals for the Ninth Circuit · 1988
- In Re Timbers Of Inwood Forest Associates, Ltd.Court of Appeals for the Fifth Circuit · 1986
- In Re Wingspread Corp.United States Bankruptcy Court, S.D. New York · 1990
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