Legal Opinion
In re Glades Health Care Ltd.
United States Bankruptcy Court, S.D. Florida.
Decided March 30, 1988No. Bankruptcy No. 87-04372-BKC-TCBPublishedCited by 1 opinion
1Opinion of the Court
ORDER VALUING BARNETT’S SECURED CLAIM
THOMAS C. BRITTON, Chief Judge.
The chapter 11 debtor has moved (CP 66) under 11 U.S.C. § 506 and B.R. 3012 for a determination of the extent to which Barnett Bank’s claim is secured. The motion was heard March 8.
I find that the judgment claim, which totalled $5,263,686 plus fees and costs when this petition was filed on December 7, 1987, is secured to the extent of $4,715,000. The balance of the claim is unsecured.
Barnett’s lien is secured by a one-story, 120-bed nursing home and an adjoining 40-unit apartment complex upon a 5.28 acre tract. The property…
2Cases cited4 opinions
- United Companies Financial Corp. v. BrantleyUnited States Bankruptcy Court, N.D. Florida · 1980
- In Re JohnsonUnited States Bankruptcy Court, S.D. Florida. · 1983
- City of Miami Beach v. SmithCourt of Appeals for the Fifth Circuit · 1977
- Nassau Realty Co., Inc. v. City of JacksonvilleSupreme Court of Florida · 1940
3Cited by1 opinion
- In re International Design & Display Group, Inc.United States Bankruptcy Court, S.D. Florida. · 1993