Legal Opinion
In Re Bloomingdale Partners
United States Bankruptcy Court, N.D. Illinois
Decided June 7, 1993No. 19-02569PublishedCited by 46 opinions
1Opinion of the Court
MEMORANDUM OPINION
RONALD BARLIANT, Bankruptcy Judge.
The Debtor, a limited partnership, owns a single asset: an apartment building valued at $10,000,000. The building is subject to a first mortgage debt in excess of $11,-100,000; the lender elected to treat its entire claim as secured, but now seeks to withdraw that election. The Debtor has proposed a Chapter 11 plan that seeks to “cram-down” the lender’s claim, despite the lender’s objections. The principal issues are whether the debtor’s general partners’ negotiation and purchase of certain unsecured claims entitle the lender to withdraw its…
2Cases cited32 opinions
- Grogan v. GarnerSupreme Court of the United States · 1991
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- Dewsnup v. TimmSupreme Court of the United States · 1992
- In the Matter of JAMES WILSON ASSOCIATES, Debtor. Appeals of METROPOLITAN LIFE INSURANCE COMPANYCourt of Appeals for the Seventh Circuit · 1992
27 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- In Re SM 104 Ltd.United States Bankruptcy Court, S.D. Florida. · 1993
- First Federal Bank of California v. Weinstein (In Re Weinstein)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1998
- In Re Cellular Information Systems, Inc.United States Bankruptcy Court, S.D. New York · 1994
- Noletto v. Nationsbanc Mortgage Corp. (In Re Noletto)United States Bankruptcy Court, S.D. Alabama · 2000
- In Re Trenton Ridge Investors, LLCUnited States Bankruptcy Court, S.D. Ohio · 2011
41 more not listed; retrieve them via the Exa API.