Legal Opinion

Royal Bank De Puerto Rico v. Figueroa Ruiz (In Re Figueroa Ruiz)

District Court, D. Puerto Rico

Decided November 14, 1990No. Civ. 89-1822(PG)PublishedCited by 1 opinion

1Opinion of the Court

OPINION AND ORDER

PEREZ-GIMENEZ, Chief Judge.

A final hearing on Royal Bank de Puerto Rico’s (“the Bank”) motion for relief from stay was held on October 17, 1990. Two issues were discussed at said hearing, to wit: the balance of the second mortgage held by Banco Comercial de Mayaguez, and the matter of the attachment lien. A statement of the outstanding debt to Banco Comercial de Mayaguez was submitted. The Bank argued that due to the balance of the second mortgage the issue of the attachment lien becomes moot for there is no equity in the property, or if there is any left, it would disappear…

2Cases cited14 opinions

  1. United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
  2. Mitchell G. King, Jr. v. Milton GreenblattCourt of Appeals for the First Circuit · 1977
  3. La Jolla Mortgage Fund v. Rancho El Cajon AssociatesUnited States Bankruptcy Court, S.D. California · 1982
  4. Vlahos v. Pitts (In Re Pitts)United States Bankruptcy Court, C.D. California · 1979
  5. In Re HynsonUnited States Bankruptcy Court, D. New Jersey · 1986

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3Cited by1 opinion

  1. In Re JonesUnited States Bankruptcy Court, E.D. Michigan · 1993

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