Legal Opinion
In re Desert Enterprises
United States Bankruptcy Court, D. Nevada
Decided May 9, 1988No. Bankruptcy No. BK-S-87-00433-RCJPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM DECISION
ROBERT CLIVE JONES, Chief Judge.
The Debtor, Desert Enterprises (“Debt- or”), objects to the claim of secured creditor First Western Savings (“First Western”). For the reasons set forth below, the objection is overruled and the claim will be allowed.
FACTS
On April 18, 1977, Robert Bigelow and Robert Banks borrowed $500,000 from American Savings & Loan Association (“ASL”). They executed a note in favor of ASL in the amount of $500,000 bearing interest at 10% per annum for twenty-five years. The payments required by the note were $4,545 per month.1 The note was secured by a…
2Cases cited11 opinions
- Silver Dollar Club v. Cosgriff Neon CompanyNevada Supreme Court · 1964
- Summa Corp. v. RichardsonNevada Supreme Court · 1977
- Clark County Sports Enterprises, Inc. v. City of Las VegasNevada Supreme Court · 1980
- Summa Corp. v. GreenspunNevada Supreme Court · 1980
- Zunino v. ParamoreNevada Supreme Court · 1967
6 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Garrett R. Quintana, Sr. v. First National Bank of Santa Fe, Garrett R. Quintana, Sr. v. First National Bank of Santa FeCourt of Appeals for the First Circuit · 1995