Legal Opinion
Sims v. De Armond (In re Lendvest Mortgage, Inc.)
District Court, N.D. California
Decided February 4, 1991No. Bankruptcy No. 1-88-01058; Adv. No. 1-90-0134PublishedCited by 6 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
ALAN JAROSLOVSKY, Bankruptcy Judge.
Before its collapse, the debtor operated a mortgage brokerage. Much of its operational financing came from individual investors. In this adversary proceeding, the Trustee seeks to recover as a preference $50,000.00 from defendant investors Willard and Norma De Armond.
In 1986, the debtor made a $300,000.00 loan to its president, David Hansen. The loan was secured by a deed of trust to Hansen’s property. The debtor then sold fractional interests in the note and its deed of trust to individual investors; the De Armonds purchased a Vg…
2Cases cited6 opinions
- Knox v. County of Los AngelesCalifornia Court of Appeal · 1980
- Dionese v. City of West Palm BeachSupreme Court of Florida · 1987
- Nauman v. EasonDistrict Court of Appeal of Florida · 1990
- Dionese v. City of West Palm BeachDistrict Court of Appeal of Florida · 1986
- Faircloth v. Paul (In Re International Gold Bullion Exchange, Inc.)United States Bankruptcy Court, S.D. Florida. · 1986
1 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- McDermott Inc., Cross-Appellant v. Clyde Iron, Amclyde, a Division of Amca International, Inc., and River Don Casting Ltd., Cross-AppelleesCourt of Appeals for the Fifth Circuit · 1993
- In Re BennettUnited States Bankruptcy Court, N.D. Texas · 1991
- Sims v. DeArmond (In re Lendvest Mortgage, Inc.)Court of Appeals for the Ninth Circuit · 1994
- In Re LendVest Mortg., Inc.United States Bankruptcy Court, N.D. California · 1991
- In Re Lendvest Mortgage, Inc.Court of Appeals for the Ninth Circuit · 1994
1 more not listed; retrieve them via the Exa API.