Legal Opinion
Penn Mutual Life Insurance v. Woodscape Ltd. Partnership (In Re Woodscape Ltd. Partnership)
United States Bankruptcy Court, D. Maryland
Decided December 9, 1991No. 19-12728PublishedCited by 23 opinions
1Opinion of the Court
MEMORANDUM OPINION DENYING MOTIONS FOR RELIEF FROM STAY
E. STEPHEN DERBY, Bankruptcy Judge.
In this single real estate asset case, the pending motions for relief from stay raise the question whether Debtor’s proposed plan of reorganization violates the absolute priority rule as a matter of law. The un-dersecured holder of a second, wrap-around deed of trust on Debtor’s apartment project asserts that there is no new value exception to the absolute priority rule and, alternatively, that the fair and equitable standard is otherwise violated by the possibility of distributions on new value…
2Cases cited36 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- Midlantic National Bank v. New Jersey Department of Environmental ProtectionSupreme Court of the United States · 1986
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Toibb v. RadloffSupreme Court of the United States · 1991
31 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- In Re Bonner Mall Partnership, Debtor. Bonner Mall Partnership v. U.S. Bancorp Mortgage Co.Court of Appeals for the Ninth Circuit · 1993
- In Re Bryson Properties, Xviii, Debtor. Travelers Insurance Company v. Bryson Properties, XviiiCourt of Appeals for the Fourth Circuit · 1992
- In Re SM 104 Ltd.United States Bankruptcy Court, S.D. Florida. · 1993
- In Re 266 Washington AssociatesUnited States Bankruptcy Court, E.D. New York · 1992
- Beal Bank, SSB v. Waters Edge Limited PartnershipDistrict Court, D. Massachusetts · 2000
18 more not listed; retrieve them via the Exa API.