Legal Opinion
In the Matter of P.C., LTD., Debtor. FRENCH MARKET HOMESTEAD, FSA, Appellant, v. P.C. LTD., Appellee
Court of Appeals for the Fifth Circuit
Decided April 24, 1991No. 90-3246PublishedCited by 25 opinions
1Opinion of the Court
EDITH H. JONES, Circuit Judge:
French Market Homestead was the principal secured creditor of P.C. Ltd., owner of the Landmark Bourbon Hotel in New Orleans French Quarter. By reducing its secured claim one-third, or over $5,000,000, French Market was able to propose and confirm a liquidating plan of reorganization for the debtor. For six weeks after confirmation, over French Market’s objection, the debtor continued to run the hotel pending its sale by French Market to a third party. P.C. Ltd. managed to amass well over $200,000 of unpaid administrative expenses in this brief interlude. On March…
2Cases cited3 opinions
- In the Matter of Trim-X, Inc., Debtor. Appeal of Maurice Levine, Trustee in BankruptcyCourt of Appeals for the Seventh Circuit · 1983
- 16 Collier bankr.cas.2d 1509, Bankr. L. Rep. P 71,795 in Re Cascade Hydraulics and Utility Service, Inc. Central Bank of Montana, a Montana Banking Corporation v. Cascade Hydraulics and Utility Service, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1987
- In Re P.C. Ltd.District Court, E.D. Louisiana · 1990
3Cited by25 opinions
- Hillis Motors, Inc. v. Hawaii Automobile Dealers' Ass'nCourt of Appeals for the Ninth Circuit · 1993
- In Re Parque Forestal, Inc., Debtor. Appeal of Oriental Federal Savings BankCourt of Appeals for the First Circuit · 1992
- In Re Visual Industries, Inc.Court of Appeals for the Third Circuit · 1995
- TNB Financial, Inc v. James F Parker IntCourt of Appeals for the Fifth Circuit · 2001
- Boyd v. Dock's Corner Associates (In Re Great Northern Forest Products, Inc.)United States Bankruptcy Court, W.D. Michigan · 1991
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