Legal Opinion
B.R. Brookfield Commons No. 1 v. Valstone Asset Management, LLC
Court of Appeals for the Seventh Circuit
Decided November 4, 2013No. 13-2241PublishedCited by 8 opinions
1Opinion of the Court
BAUER, Circuit Judge.
In this bankruptcy proceeding, the creditor, ValStone Asset Management, LLC (“ValStone”), succeeded to the rights of a second mortgage secured by a lien on a shopping center owned by the B.R. Brook-field Commons No. 1, LLC and B.R. Brookfield Commons No. 2, LLC (“Brook-field”). Brookfield argues that because the second mortgage is a nonrecourse loan, and there was 'no equity in the shopping center at the time of the bankruptcy filing, the claim on the bankrupt estate should be disallowed. Both the bankruptcy court and the district court held that the claim was valid. We…
2Cases cited8 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Bank of America National Trust & Savings Ass'n v. 203 North LaSalle Street PartnershipSupreme Court of the United States · 1999
- In Re SM 104 Ltd.United States Bankruptcy Court, S.D. Florida. · 1993
- Duke B. Kelly v. Wauconda Park District, a Local Governmental Agency of the State of IllinoisCourt of Appeals for the Seventh Circuit · 1986
- Woolsey v. Citibank, N.A.Court of Appeals for the Tenth Circuit · 2012
3 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Harrison v. New Jersey Community Bank (In re Jesup & Lamont, Inc.)United States Bankruptcy Court, S.D. New York · 2014
- Maria Stapleton v. Advocate Health Care NetworkCourt of Appeals for the Seventh Circuit · 2016
- Taberna Preferred Funding IV, Ltd. v. Opportunities II Ltd. (In re Taberna Preferred Funding IV, Ltd.)United States Bankruptcy Court, S.D. New York · 2018
- In re: James Harry Salamon Jeanne Fixler SalamonUnited States Bankruptcy Appellate Panel for the Ninth Circuit · 2015
- Peter Mastan v. James SalamonCourt of Appeals for the Ninth Circuit · 2017
3 more not listed; retrieve them via the Exa API.