In Re Mullen
United States Bankruptcy Court, D. Massachusetts
1Opinion of the Court
OPINION
JAMES F. QUEENAN, Jr., Chief Judge.
BayBank asserts it lacks adequate protection of its security interest in rents from four commercial properties included under its mortgages and rent assignments. It moves for an order requiring G. Burton Mullen (the “Debtor”) to turn over to it all “net rents” (after expenses). Alternatively, BayBank requests an order requiring the Debtor to “segregate” the monthly net rents, presumably through creation of an escrow account set aside for BayBank’s benefit.
The properties are being well maintained, and there is no suggestion they or the rental streams…
2Cases cited29 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- In Re Pine Lake Village Apartment Co.United States Bankruptcy Court, S.D. New York · 1982
- Bankr. L. Rep. P 71,239 in Re G. Dwayne Casbeer, Debtor. G. Dwayne Casbeer v. State Federal Savings & Loan Association of LubbockCourt of Appeals for the Fifth Circuit · 1986
- In Re Prichard Plaza Associates Ltd. PartnershipUnited States Bankruptcy Court, D. Massachusetts · 1988
- SALINE STATE BANK, Appellant, v. Richard MAHLOCH, Eunice Mahloch, Dennis Mahloch and First National Bank of Chicago, Illinois, AppelleesCourt of Appeals for the First Circuit · 1987
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3Cited by16 opinions
- Beal Bank, SSB v. Waters Edge Limited PartnershipDistrict Court, D. Massachusetts · 2000
- In Re Ridgewood Apartments of DeKalb County, Ltd.United States Bankruptcy Court, S.D. Ohio · 1995
- In re GeijselUnited States Bankruptcy Court, N.D. Texas · 2012
- In Re Barkley 3A Investors, Ltd.United States Bankruptcy Court, D. Kansas · 1994
- Lyons v. Federal Savings Bank (In Re Lyons)United States Bankruptcy Court, D. Massachusetts · 1996
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