Legal Opinion

Northwest Village Ltd. Partnership v. Franke

Court of Appeals for the Eighth Circuit

Decided March 14, 2001No. 99-2705PublishedCited by 1 opinion

1Opinion of the Court

HANSEN, Circuit Judge.

In short, 1 five real estate limited partnerships (“Debtors”) filed for Chapter 11 bankruptcy in September of 1990 after defaulting on their HUD mortgage. A reorganization plan was proposed by ap-pellees William E. Franke and Gannon Management Company of Missouri (“Franke-Gannon”), approved by HUD, and later adopted by the bankruptcy court on June 22, 1992. As of that date, the bankruptcy court determined that the Debtors’ estate had assets worth approximately $56.4 million and liabilities worth approximately $75.8 million. The Franke-Gannon reorganization plan was…

2Cases cited5 opinions

  1. In Re James MATHIASON, Gladys Mathiason, Debtors. Mark C. HALVERSON, Trustee, Appellant, v. ESTATE OF Earl R. CAMERON, AppelleeCourt of Appeals for the Eighth Circuit · 1994
  2. King Resources Company v. BaerCourt of Appeals for the Tenth Circuit · 1980
  3. In the Matter of Moulded Products, Inc., Debtor. Stockholders' Protective Committee for Moulded Products, Inc. v. Richard H. Barry, TrusteeCourt of Appeals for the Eighth Circuit · 1973
  4. In Re KoelblCourt of Appeals for the Second Circuit · 1984
  5. Northwest Village Ltd. Partnership v. Franke (In Re Westpointe L.P.)District Court, E.D. Missouri · 1999

3Cited by1 opinion

  1. In Re: Westpointe, L.P., a Missouri Partnership, Doing Business as Westpointe Apartments, Debtor. Northwest Village Limited Partnership Grandview Hills Limited Partnership Parkridge Apartments Limited Partnership Lamplite Limited Partnership Westpointe Limited Partnership, Debtors v. William E. Franke Gannon Management Company of Missouri Prairie Properties, L.L.C., Creditors - Northwest Village Limited Partnership Grandview Hills Limited Partnership Parkridge Apartments Limited Partnership Lamplite Limited Partnership Westpointe Limited Partnership, Debtors v. Prairie Properties, l.l.c.,creditor - Cynthia McNeill Interested Party - Susman, Schermer, Rimmel & Shifrin, Movant - William E. Franke Gannon Management Company of Missouri, CreditorsCourt of Appeals for the Eighth Circuit · 2001

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