Beal Bank, SSB v. Waters Edge Limited Partnership
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM AND ORDER
SARIS, District Judge.
I. INTRODUCTION
Appellant, Beal Bank S.S.B. (“Beal”), challenges the Chapter 11 reorganization of the appellee, Water’s Edge Limited Partnership (“WELP”), which owns three apartment buildings in Revere, Massachusetts. Among other things, Beal claims that the bankruptcy court erred by: 1) confirming the cramdown reorganization plan which permitted the private sale of the equity in the single asset real estate partnership to an insider plan sponsor; 2) authorizing WELP to use post-petition rent to make payments to Beal, an un-dersecured creditor, which…
2Cases cited57 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
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- U.S. Bancorp Mortgage Co. v. Bonner Mall PartnershipSupreme Court of the United States · 1994
- Paterson-Leitch Company, Inc. v. Massachusetts Municipal Wholesale Electric CompanyCourt of Appeals for the First Circuit · 1988
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- Whispering Pines Estates, Inc. v. Flash Island, Inc. (Whispering Pines Estates, Inc.)Bankruptcy Appellate Panel of the First Circuit · 2007
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