Legal Opinion
Pacifica L 51 LLC v. New Investments Inc.
Court of Appeals for the Ninth Circuit
Decided November 4, 2016No. 13-36194PublishedCited by 17 opinions
1Opinion of the Court
Dissent by Judge BERZON
OPINION
MURGUIA, Circuit Judge:
In loan agreements—and any subsequent bankruptcy proceedings—a borrower “defaults” on a loan when he fails to fulfill a material obligation under the terms of the loan agreement, such as making a payment by a particular date. A default can trigger certain consequences, such as foreclosure on any property securing the loan, late fees and penalties, or “acceleration,” which occurs when the entire unpaid amount of the loan becomes immediately due and payable. But the borrower can also “cure” the default, most often by paying the arrearages and…
2Cases cited10 opinions
- Rake v. WadeSupreme Court of the United States · 1993
- In Re Joseph C. Taddeo and Ellen A. Taddeo, Debtors. Elfriede Di Pierro v. Joseph C. Taddeo and Ellen A. Taddeo and Richard J. McCord Interim TrusteeCourt of Appeals for the Second Circuit · 1982
- Boyajian v. New Falls Corp.Court of Appeals for the Ninth Circuit · 2009
- Illinois v. Abbott & Associates, Inc.Supreme Court of the United States · 1983
- Jeffrey Benko v. Quality Loan Service Corp.Court of Appeals for the Ninth Circuit · 2015
5 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- In re MosheUnited States Bankruptcy Court, E.D. New York · 2017
- Vincent Manikan v. Peters & Freedman, LLPCourt of Appeals for the Ninth Circuit · 2020
- In re 1111 Myrtle Ave. Grp., LLCUnited States Bankruptcy Court, S.D. New York · 2019
- D. D. v. LausdCourt of Appeals for the Ninth Circuit · 2021
- In re LaportaUnited States Bankruptcy Court, N.D. Illinois · 2017
12 more not listed; retrieve them via the Exa API.