Legal Opinion
In re Olive Street Investments, Inc.
District Court, E.D. Missouri
Decided October 10, 1989No. 89-1582C(1)PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM
NANGLE, Chief Judge.
Debtor' Olive Street Investments, Inc., filed this appeal from the bankruptcy court’s order granting Howard Saving Bank’s (“Howard”) motion for relief from the automatic stay.
Howard held a promissory note for $26,-500,000 executed by debtor, which was secured by a deed of trust and security agreement. A parcel of debtor’s real property, known as the Syndicate Trust Building, was placed as collateral for the note. In the spring of 1988 debtor defaulted on its note. After a series of unsuccessful refinancing agreements and numerous aborted foreclosure sales, Howard…
2Cases cited6 opinions
- Algeran, Inc. v. Advance Ross Corp.Court of Appeals for the Ninth Circuit · 1985
- In Re Bel Air Associates, Ltd., Debtor. Andrew H. Tompkins v. Leo R. Frey, Leroy Properties and Development Company, and Pm & M CompanyCourt of Appeals for the Tenth Circuit · 1983
- In the Matter of Abingdon Realty Corporation, Bankrupt. A & H Holding Corporation v. Gerald M. O'donnell, TrusteeCourt of Appeals for the Fourth Circuit · 1976
- Country Fairways, Inc., Debtor-Appellant v. Steven Mottaz, Trustee-Appellee, Michael Kane, Intervenor-AppelleeCourt of Appeals for the Seventh Circuit · 1976
- Sewanee Land, Coal & Cattle, Inc. v. LambCourt of Appeals for the Eleventh Circuit · 1984
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3Cited by2 opinions
- In Re OLIVE STREET INVESTMENT, INC., Appellant, v. HOWARD SAVINGS BANK, AppelleeCourt of Appeals for the Eighth Circuit · 1992
- In re Olive Street Investments, Inc.District Court, E.D. Missouri · 1990