Legal Opinion
Philadelphia Parking Authority v. Northwest 15th Street Associates (In Re Northwest 15th Street Associates)
United States Bankruptcy Court, E.D. Pennsylvania
Decided September 17, 2010No. 15-18786Published
1Opinion of the Court
MEMORANDUM
ERIC L. FRANK, Bankruptcy Judge.
I
In this adversary proceeding, the Philadelphia Parking Authority (“the PPA”) seeks a declaratory judgment determining, inter alia, that, pursuant to the terms of an escrow agreement, it is entitled to the release from escrow of a deed in lieu of foreclosure (“the Deed”). The Deed was executed by the debtor, Northwest 15th Street Associates (“the Debtor”) and conveys ownership of the surface and air rights of a property located at the northwest corner of 15th and Arch Streets in Philadelphia, Pennsylvania (“the Property”) to the PPA.
The PPA originally…
2Cases cited5 opinions
- Bennington Foods LLC v. St. Croix Renaissance Group, LLPCourt of Appeals for the Third Circuit · 2008
- Diversified Mortgage Investors v. U. S. Life Title Insurance Company of New YorkCourt of Appeals for the Second Circuit · 1976
- Hershey Foods Corporation v. Hershey Creamery Company, Hershey Creamery Company, Counter-Claimant v. Hershey Foods Corporation, Counter-DefendantCourt of Appeals for the Third Circuit · 1991
- Micro Data Base Systems, Incorporated v. Nellcor Puritan Bennett, Incorporated, and Puritan-Bennett CorporationCourt of Appeals for the Seventh Circuit · 1999
- In Re City of BridgeportUnited States Bankruptcy Court, D. Connecticut · 1991