Legal Opinion
In re New 5510, Inc.
District Court, District of Columbia
Decided April 2, 1990No. Bankruptcy No. 89-00249Published
1Opinion of the Court
ORDER REQUIRING PRIOR ORDER BEFORE DISTRIBUTION OF SALES PROCEEDS TO MADISON NATIONAL BANK, N.A. ON ITS ASSERTED LIEN
S. MARTIN TEEL, Jr., Bankruptcy Judge.
In a decision of this date in Jettmar v. The New 5510, Inc., et al., 114 B.R. 317 Adversary Proceeding No. 89-0073, the Court discussed Jettmar’s contention that Madison National Bank, N.A., did not have a perfected lien on the Debtor’s fixtures and leasehold interest, but found it unnecessary to decide that issue. It nevertheless appears that as to the fixtures and leasehold interests Madison’s asserted lien may be susceptible of avoidance…
2Cases cited4 opinions
- In Re Kendavis Industries International, Inc.United States Bankruptcy Court, N.D. Texas · 1988
- In Re Chapel Gate Apartments, Ltd.United States Bankruptcy Court, N.D. Texas · 1986
- In Re Le Sueur's Fiesta Store, Inc.United States Bankruptcy Court, D. Arizona · 1984
- Jettmar v. New 5510, Inc. (In Re New 5510, Inc.)District Court, District of Columbia · 1990