Legal Opinion

Frank D. Formica

United States Bankruptcy Court, D. New Jersey

Decided May 12, 2021No. 20-23404Unknown

1Opinion

UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY NOT FOR PUBLICATION In Re: Case No.: 20-23404-ABA Frank D. Formica, Chapter: 7 Debtor. Judge: Andrew B. Altenburg, Jr. MEMORANDUM DECISION Frank Formica was selling his former residence. Parke Bank took the position that, in addition to its first mortgage on the property, it had a $1.1M lien resulting from a cross- collateralized commercial loan with Mr. Formica. When asked for a payoff statement, Parke supplied the title company with one that included the commercial loan. When Mr. Formica’s attorney objected that the two loans were not…

2Cases cited35 opinions

  1. In Re Pacor, Inc. v. John Higgins, Jr. And Louise HigginsCourt of Appeals for the Third Circuit · 1984
  2. Things Remembered, Inc. v. PetrarcaSupreme Court of the United States · 1995
  3. Raymark Industries, Inc., Debtor-Appellant v. George Q. LaiCourt of Appeals for the Third Circuit · 1992
  4. Clayton v. King (In Re Clayton)United States Bankruptcy Court, M.D. North Carolina · 1998
  5. In Re LANSDALE FAMILY RESTAURANTS, INC. A/K/A Lansdale Bonanza, Debtor. LANSDALE FAMILY RESTAURANTS, INC., Appellant, v. WEIS FOOD SERVICECourt of Appeals for the Third Circuit · 1992

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