Legal Opinion
Imperial Bank v. El Patio, Ltd. (In Re El Patio, Ltd.)
United States Bankruptcy Court, C.D. California
Decided September 26, 1980No. Bankruptcy No. LA 80-06512-RM, Adv. No. LA 80-1525-RMPublishedCited by 20 opinions
1Opinion of the Court
MEMORANDUM OPINION
RICHARD MEDNICK, Bankruptcy Judge.
FACTS
El Patio, Limited, a limited partnership (Debtor) is in the business of purchasing apartment houses and converting them to condominiums through subdivision procedure. The only property presently owned for subdivision is a 34-unit apartment building located in Santa Monica, California. The plaintiff, Imperial Bank (Bank) holds a one year promissory note dated May 25, 1979, in the amount of $3,500,000.00 secured by a first deed of trust on the property.
It is Debtor’s intent to subdivide the apartment building by transforming it into…
2Cases cited11 opinions
- Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935
- Continental Illinois National Bank & Trust Co. v. Chicago, Rock Island & Pacific Ry. Co.Supreme Court of the United States · 1935
- Bank of Marin v. EnglandSupreme Court of the United States · 1966
- Heritage Savings & Loan Ass'n v. Rogers Development Corp. (In Re Rogers Development Corp.)United States Bankruptcy Court, E.D. Virginia · 1980
- In Re Bermec Corporation, Debtor, Pacar Financial Corp.Court of Appeals for the Second Circuit · 1971
6 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Browning v. NavarroCourt of Appeals for the Fifth Circuit · 1984
- In Re Pine Lake Village Apartment Co.United States Bankruptcy Court, S.D. New York · 1982
- Metropolitan Life Insurance v. Monroe Park (In Re Monroe Park)District Court, D. Delaware · 1982
- Carteret Savings Bank, F.A. v. Nastasi-White, Inc. (In Re East-West Associates)District Court, S.D. New York · 1989
- Crocker National Bank v. American Mariner Industries, Inc. (In Re American Mariner Industries, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983
15 more not listed; retrieve them via the Exa API.