Legal Opinion
In Re Walat Farms, Inc.
United States Bankruptcy Court, E.D. Michigan
Decided February 9, 1987No. 19-42989PublishedCited by 20 opinions
1Opinion of the Court
MEMORANDUM OPINION REGARDING CONFIRMATION OF DEBTOR’S FIRST AMENDED PLAN OF REORGANIZATION
ARTHUR J. SPECTOR, Bankruptcy Judge.
The issue is whether the Court should allow the debtor to cramdown its plan of reorganization on the first mortgagee of a substantial part of its farmland when the plan provides that only a certain part of the mortgaged premises be deeded to the mortgagee in full satisfaction of the entire mortgage indebtedness.
Walat Farms, Inc. (the debtor) is a family farm corporation consisting of approximately 1800 acres of farmland and other non-real estate assets, including crops…
2Cases cited6 opinions
- In The Matter Of Sun Country Development, Inc.Court of Appeals for the Fifth Circuit · 1985
- In Re HollangerUnited States Bankruptcy Court, W.D. Louisiana · 1981
- In Re Fursman RanchUnited States Bankruptcy Court, W.D. Missouri · 1984
- Lend Lease v. Briggs Transportation Co.Court of Appeals for the Eighth Circuit · 1985
- In Re ElijahUnited States Bankruptcy Court, W.D. Missouri · 1984
1 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- In Re Future Energy Corp.United States Bankruptcy Court, S.D. Ohio · 1988
- United States Ex Rel. Farmers Home Administration v. Arnold & Baker Farms (In Re Arnold & Baker Farms)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1994
- In Re Chemtura Corp.United States Bankruptcy Court, S.D. New York · 2010
- In Re MCorp Financial, Inc.United States Bankruptcy Court, S.D. Texas · 1992
- In Re Arnold & Baker Farms, Debtor. Arnold & Baker Farms v. United States of America, on Behalf of the United States Farmers Home Administration, Arnold & Baker Farms, and Western Cotton Services Corp. v. United States of America, on Behalf of the United States Farmers Home Administration, Arnold & Baker Farms v. United States of America, on Behalf of the United States Farmers Home Administration, Western Cotton Services Corp.Court of Appeals for the Ninth Circuit · 1996
15 more not listed; retrieve them via the Exa API.