Legal Opinion
International Home Products, Inc. v. First Bank of Puerto Rico, Inc.
United States Bankruptcy Court, D. Puerto Rico
Decided July 1, 2013No. Civil Nos. 12-1515 (FAB), 12-2026 (FAB)PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
FRANCISCO A. BESOSA, District Judge.
Before the Court are the bankruptcy appeals of Civil Cases Nos. 12-1515 and 12-2026.1
I. BACKGROUND
A. Factual History
The Court draws the following relevant facts from the bankruptcy court’s order dated May 15, 2012, (Docket No. 1-4 at pp. 58-62):
On January 16, 2001, First Bank of Puerto Rico, Inc. (“First Bank”), Health Distillers International, Inc. (“HDI”), and International Home Products, Inc. (“IHP”) entered into a Credit Agreement. The Credit Agreement granted IHP and HDI (collectively, “the debtors”)2 certain credit facilities in…
2Cases cited10 opinions
- Lawton v. State Mutual Life Assurance Co. of AmericaCourt of Appeals for the First Circuit · 1996
- In Re San Juan Dupont Plaza Hotel Fire LitigationCourt of Appeals for the First Circuit · 1993
- B & T Masonry Construction Co. v. Public Service Mutual InsuranceCourt of Appeals for the First Circuit · 2004
- Brandt v. Wand PartnersCourt of Appeals for the First Circuit · 2001
- In Re Softalk Publishing Co., Inc., Debtor. The Webb Company, a Minnesota Corporation v. First City BankCourt of Appeals for the First Circuit · 1988
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3Cited by4 opinions
- Altair Global Credit Opportunities Fund (A), LLC v. Fin. Oversight & Mgmt. Bd. for P.R. (In re Fin. Oversight & Mgmt. Bd. for P.R.)Court of Appeals for the First Circuit · 2019
- Fin. Oversight & Mgmt. Bd. for P.R. v. Altair Global Credit Opportunities Fund (a), LLC (In re Fin. Oversight & Mgmt. Bd. for P.R.)District Court, D. Puerto Rico · 2018
- In re: Ruben Omar Gonzalez EchevarriaUnited States Bankruptcy Court, D. Puerto Rico · 2026
- PR AAA Portfolio Bond Fund v. Employees Retirement SystemCourt of Appeals for the First Circuit · 2019