In Re Jason Realty, L.P., Debtor. First Fidelity Bank, N.A. v. Jason Realty, L.P., Jason Realty, L.P. v. First Fidelity Bank, N.A
Court of Appeals for the First Circuit
1Opinion of the Court
OPINION OF THE COURT
ALDISERT, Circuit Judge.
These consolidated appeals arise out of the bankruptcy of Jason Realty, L.P., a single-asset, New Jersey limited partnership that owns and operates a two-story retail and office building. On this property, First Fidelity Bank, N.A., holds a note, a mortgage, and an assignment of rents. At issue here is the assignment agreement, which assigned the rents, income and profits from the property to the bank, but granted Jason Realty the privilege to collect the rents until the event of default. Jason Realty defaulted pri- or to filing its Chapter 11…
2Cases cited18 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Commerce Bank Harris Savings Association v. Mountain View Village, Inc. Property Management, Inc., Mountain View Village, Inc.Court of Appeals for the Third Circuit · 1993
- Aronsohn v. MandaraSupreme Court of New Jersey · 1984
- Eisen v. KostakosNew Jersey Superior Court Appellate Division · 1971
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- In re South Side House, LLCUnited States Bankruptcy Court, E.D. New York · 2012
- In Re Buttermilk Towne Center, LLCBankruptcy Appellate Panel of the Sixth Circuit · 2010
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