In Re New Breed Realty Enterprises, Inc.
United States Bankruptcy Court, E.D. New York
1Opinion of the Court
DECISION AND ORDER
CARLA E. CRAIG, Bankruptcy Judge.
This matter comes before the Court on the motion of Candace Van Alen (“movant” or “Van Alen”) for an order vacating the automatic stay pursuant to 11 U.S.C. § 362(d) to permit the movant to collect a $300,000 deposit from escrow, as partial damages arising from the failure of New Breed Realty Enterprises, Inc. (“debtor”) to close a sale under an agreement with the movant to purchase certain property, and to permit the movant to sell the property to another party. Van Alen’s motion is granted for the reasons set forth herein.
Jurisdiction
This…
2Cases cited29 opinions
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- Johnson v. First National Bank Of MontevideoCourt of Appeals for the First Circuit · 1983
- Grace v. NappaNew York Court of Appeals · 1979
- In Re Windmill Farms, Inc., Debtor. Vanderpark Properties, Inc. v. David L. Buchbinder, Trustee of Windmill Farms Management Company, Inc.Court of Appeals for the Ninth Circuit · 1988
- In Re Joshua Slocum Ltd D/B/A Js Acquisition Corporation. Appeal of George Denney, Party in InterestCourt of Appeals for the Third Circuit · 1991
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