Legal Opinion

Sandra Cotton, Inc. v. Bank of New York

District Court, W.D. New York

Decided August 14, 1986No. CIV-85-1322EPublishedCited by 11 opinions

1Opinion of the Court

MEMORANDUM and ORDER

ELFVIN, District Judge.

Debtor Sandra Cotton, Inc. filed a Chapter 11 Bankruptcy petition December 14, 1984. Pursuant to section 362(d) of the Code, 11 U.S.C. § 362(d), the Bank of New York (“the Bank”), which holds a mortgage on certain of the debtor's real property sought an order lifting the automatic bankruptcy stay as to such property, asserting that the debtor had no equity in the disputed property, which consisted of certain parcels of real estate in the Town of Amherst, N.Y., with a supposed average fair market value of $60,000. As a secured creditor (mortgagee),…

2Cases cited2 opinions

  1. Jackson Dairy, Inc. v. H. P. Hood & Sons, Inc.Court of Appeals for the Second Circuit · 1979
  2. First International Services Corp. v. Econotech Services, Inc. (In Re First International Services Corp.)District Court, D. Connecticut · 1983

3Cited by11 opinions

  1. In Re Charles & Lillian Brown's Hotel, Inc.United States Bankruptcy Court, S.D. New York · 1988
  2. Lutin v. United States Bankruptcy Court for Southern District of New York (In Re Advanced Mining Systems, Inc.)District Court, S.D. New York · 1994
  3. Beneficial Homeowner Service Corp. v. Moreau (In Re Moreau)District Court, N.D. New York · 1992
  4. In Re De KleinmanUnited States Bankruptcy Court, S.D. New York · 1992
  5. Sandra Cotton, Inc. v. Bank of New YorkDistrict Court, W.D. New York · 1988

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