Legal Opinion
Burke Mountain Recreation, Inc. v. Vermont Development Credit Corp. (In Re Burke Mountain Recreation, Inc.)
United States Bankruptcy Court, D. Vermont
Decided September 12, 1986No. 19-10194PublishedCited by 16 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
FRANCIS G. CONRAD, Bankruptcy Judge.
This adversary proceeding involves a Chapter 11 debtor who borrowed funds from a lender who was not licensed to lend by the State of Vermont. Because we find that the lender is required by statute to obtain a license, the plaintiff’s cross-motion for summary judgment is granted, and the lender’s motion for summary judgment is denied.
No facts are in dispute. The debtor owns and operates a ski area in northeastern Vermont. On or about October 31, 1980, the debtor, through an agent, signed a promissory note running to VDCC for…
2Cases cited32 opinions
- Griffin v. Oceanic Contractors, Inc.Supreme Court of the United States · 1982
- Morton v. RuizSupreme Court of the United States · 1974
- United States v. LockeSupreme Court of the United States · 1985
- Crooks v. HarrelsonSupreme Court of the United States · 1930
- Ford v. United StatesSupreme Court of the United States · 1926
27 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- In Re Drexel Burnham Lambert Group, Inc.United States Bankruptcy Court, S.D. New York · 1991
- Pereira v. Centel Corp. (In Re Argo Communications Corp.)United States Bankruptcy Court, S.D. New York · 1991
- In Re AG Consultants Grain Division, Inc.United States Bankruptcy Court, N.D. Indiana · 1987
- Wolinsky v. Central Vermont Teachers Credit Union (In Re Ford)United States Bankruptcy Court, D. Vermont · 1989
- Midlantic National Bank North, N.A. v. Borg-Warner Acceptance Corp. (In Re Mayo)United States Bankruptcy Court, D. Vermont · 1990
11 more not listed; retrieve them via the Exa API.