Legal Opinion
In Re Franklin Pembroke Venture II
United States Bankruptcy Court, E.D. Pennsylvania
Decided October 5, 1989No. 19-11547PublishedCited by 19 opinions
1Opinion of the Court
OPINION
DAVID A. SCHOLL, Bankruptcy Judge.
At issue in this bankruptcy case filed less than two months ago on August 15, 1989, is the critical matter of whether the Debtor can utilize its sole source of income, i.e., rents from the tenants of its only asset, an office complex located in southeastern Florida, to pay its ordinary expenses and costs and hence remain viable. As we are reluctant to prevent a debtor from making at least a reasonable attempt to formulate a confirmable Plan and reorganize, we are inclined to allow the Debtor to continue to use cash collateral under basically the same…
2Cases cited26 opinions
- United States v. Security Industrial BankSupreme Court of the United States · 1982
- Greene v. United StatesSupreme Court of the United States · 1964
- Teal v. WalkerSupreme Court of the United States · 1884
- Walker & LaBerge, Inc. v. HalliganSupreme Court of Florida · 1977
- Young v. AltenhausSupreme Court of Florida · 1985
21 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Bruce Energy Centre Ltd. v. Orfa Corp. of America (In Re Orfa Corp. of Philadelphia)United States Bankruptcy Court, E.D. Pennsylvania · 1991
- Taras v. Commonwealth Mortgage Corp. of America (In Re Taras)United States Bankruptcy Court, E.D. Pennsylvania · 1992
- In Re Aqua AssociatesUnited States Bankruptcy Court, E.D. Pennsylvania · 1991
- In Re Marion Street PartnershipUnited States Bankruptcy Court, D. Minnesota · 1989
- In Re Wynnefield Manor Associates, L.P.United States Bankruptcy Court, E.D. Pennsylvania · 1993
14 more not listed; retrieve them via the Exa API.