Legal Opinion

In Re Sunflower Racing, Inc.

United States Bankruptcy Court, D. Kansas

Decided April 8, 1998No. 19-10310PublishedCited by 9 opinions

1Opinion of the Court

MEMORANDUM OPINION

JOHN T. FLANNAGAN, Bankruptcy Judge.

Sunflower Racing, Inc.’s May 1996 bankruptcy has prevented creditors from foreclosing on The Woodlands race track while Sunflower lobbied for slot machines to boost the track’s revenues. Having failed in this effort, Sunflower now plans to sell the track to an Indian Tribe after two more years if governments would permit. To make the sale, -Sunflower must clear the creditors’ lien from the property by substituting for it a letter of credit. And it must deny the creditors the right to bid at the sale to prevent them from purchasing the…

2Cases cited14 opinions

  1. United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
  2. Dewsnup v. TimmSupreme Court of the United States · 1992
  3. In Re Clarence L. (i.o.) Hardzog Katy Lou Hardzog, Debtors. Clarence L. (i.o.) Hardzog Katy Lou Hardzog v. The Federal Land Bank of WichitaCourt of Appeals for the Tenth Circuit · 1990
  4. In Re Club AssociatesUnited States Bankruptcy Court, N.D. Georgia · 1989
  5. William J. Wade, Trustee v. Nathan Bradford and Beverly Bradford, DebtorsCourt of Appeals for the Tenth Circuit · 1994

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3Cited by9 opinions

  1. Sac & Fox Nation of Missouri v. NortonCourt of Appeals for the Tenth Circuit · 2001
  2. In Re Trenton Ridge Investors, LLCUnited States Bankruptcy Court, S.D. Ohio · 2011
  3. In Re Dow Corning Corp.United States Bankruptcy Court, E.D. Michigan · 1999
  4. Sunflower Racing, Inc. v. Mid-Continent Racing & Gaming Co. (In Re Sunflower Racing, Inc.)District Court, D. Kansas · 1998
  5. In re Mangia Pizza Investments, LPUnited States Bankruptcy Court, W.D. Texas · 2012

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