Legal Opinion

Matter of Delex Management

United States Bankruptcy Court, W.D. Michigan

Decided June 2, 1993No. 17-04997PublishedCited by 5 opinions

1Opinion of the Court

OPINION REGARDING TIME TO CURE EXECUTORY LAND CONTRACT AND APPLICABILITY OF AUTOMATIC STAY

JAMES D. GREGG, Bankruptcy Judge.

ISSUES

Does the automatic stay toll the running of a land contract forfeiture judgment redemption period? Is the creditor entitled to relief from stay to take possession of real property subject to a land contract?

PROCEDURAL BACKGROUND

On January 6, 1993, Delex Management, “Debtor”, filed its voluntary petition under chapter 11 of the Bankruptcy Code. 1 On March 1, 1993, D & N Savings Bank, F.S.B., the “Bank”, filed its motion for relief from automatic stay and other…

2Cases cited29 opinions

Butner v. United StatesSupreme Court of the United States · 1979
Gerald W. Moody, and Jermoo's Incorporated, Debtors-In-Possession, Plaintiffs v. Amoco Oil CompanyCourt of Appeals for the Seventh Circuit · 1984
In Re Lawrence N. Jolly, Debtor. Chattanooga Memorial Park v. C. Kenneth Still, Chapter Xiii TrusteeCourt of Appeals for the Sixth Circuit · 1978
In Re Atlantic Business and Community CorporationCourt of Appeals for the Third Circuit · 1990
17 Collier bankr.cas.2d 1077, Bankr. L. Rep. P 72,026 in Re White Motor Corporation, Debtor, Employee Transfer Corporation v. John T. Grigsby, Jr., Disposition Assets TrusteeCourt of Appeals for the Sixth Circuit · 1987

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3Cited by5 opinions

Bronner v. Chenoweth-Massie Partnership (In Re National Financial Realty Trust)United States Bankruptcy Court, W.D. Kentucky · 1998
Health Science Products, Inc. v. Taylor (In Re Health Science Products, Inc.)United States Bankruptcy Court, N.D. Alabama · 1995
In Re LottUnited States Bankruptcy Court, W.D. Michigan · 1996
In Re HortonUnited States Bankruptcy Court, E.D. Michigan · 2003
Visuron Ltd. Partnership v. Corcoran (In Re Casa Colonial Ltd. Partnership)District Court, E.D. Michigan · 2007