Legal Opinion
In re Franklin Garden Apartments, Inc.
District Court, E.D. New York
Decided March 19, 1941No. 40414PublishedCited by 1 opinion
1Opinion of the Court
GALSTON, District Judge.
On February 5, 1941, the debtor filed its voluntary petition for reorganization under the provisions of Chap. X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq.
The debtor is a New York corporation, the sole substantial asset of which at the time of filing of the petition was an apartment house located in Queens County, New York. The premises are subject to a building loan mortgage in the sum of $385,000 made to the Green Point Savings Bank (hereinafter to be referred to as the Bank) under date of May 24, 1940. Under this mortgage the principal sum of $382,500 had been…
2Cases cited16 opinions
- Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935
- Continental Illinois National Bank & Trust Co. v. Chicago, Rock Island & Pacific Ry. Co.Supreme Court of the United States · 1935
- Wright v. Vinton Branch of Mountain Trust Bank of RoanokeSupreme Court of the United States · 1937
- Graf v. Hope Building Corp.New York Court of Appeals · 1930
- Gross v. Irving Trust Co.Supreme Court of the United States · 1933
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3Cited by1 opinion
- Hunydee v. StrandCalifornia Court of Appeal · 1963