Legal Opinion
In the Matter of Woodbrook Associates, Debtor-Appellant
Court of Appeals for the Seventh Circuit
Decided May 12, 1994No. 92-4014PublishedCited by 168 opinions
1Opinion of the Court
ZAGEL, District Judge.
Woodbrook Associates (“Woodbrook”), is an Indiana real estate limited partnership whose sole asset is the Woodbrook Apart- mente constructed in 1980 in Indianapolis. The apartment complex was primarily funded by a first mortgage loan of $5,559,700.00, at 7.5%, insured by the United States Department of Housing and Urban Development (HUD). Woodbrook Apartments failed to generate the expected income levels, the partnership defaulted, and the original mortgage holder assigned the mortgage in 1988 to HUD.
In July 1990, HUD advertised Woodbrook Apartments for sale by private…
2Cases cited18 opinions
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- 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 U.S. Truck Company, Inc., a Michigan Corporation, Debtor. Teamsters National Freight Industry Negotiating Committee v. U.S. Truck Company, Inc.Court of Appeals for the Sixth Circuit · 1986
13 more not listed; retrieve them via the Exa API.
3Cited by168 opinions
- Bank of America National Trust & Savings Ass'n v. 203 North LaSalle Street PartnershipSupreme Court of the United States · 1999
- In the Matter of 203 N. Lasalle Street Partnership, an Illinois Limited Partnership, Debtor-Appellee, Appeal Of: Bank of America IllinoisCourt of Appeals for the Seventh Circuit · 1997
- In Re Mohammad Samih Barakat, Debtor. Mohammad Samih Barakat v. The Life Insurance Company of VirginiaCourt of Appeals for the Ninth Circuit · 1996
- In re Creekside Senior Apartments, L.P.Bankruptcy Appellate Panel of the Sixth Circuit · 2013
- In re Wabash Valley Power Ass'nCourt of Appeals for the Seventh Circuit · 1995
163 more not listed; retrieve them via the Exa API.