Legal Opinion
In Re North Broadway Funding Corp.
United States Bankruptcy Court, E.D. New York
Decided September 11, 1980No. 8-19-70748PublishedCited by 4 opinions
1Opinion of the Court
DECISION
C. ALBERT PARENTE, Chief Bankruptcy Judge.
This litigation arises from a motion for specific performance of a real estate contract, where the trustee, as the seller, refuses to perform due to changes in the mortgage market.
The salient facts are as follows:
North Broadway Funding Corp. (hereafter “bankrupt”) was duly adjudged a bankrupt by this Court on November 14, 1978. The bankrupt was in the business of lending money and, in the ordinary course of its business, made loans to individuals. Such loans were secured by first and second mortgages on various parcels of property located in…
2Cases cited10 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- Gotthelf v. . StranahanNew York Court of Appeals · 1893
- Keystone Hardware Corp. v. TagueNew York Court of Appeals · 1927
- Frenchman & Sweet, Inc. v. Philco Discount Corp.Appellate Division of the Supreme Court of the State of New York · 1964
- Kleinberg v. RatettNew York Court of Appeals · 1929
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3Cited by4 opinions
- In Re Coastal Cable T v. Inc., Debtor. Gerald Connell v. Coastal Cable T v. Inc.Court of Appeals for the First Circuit · 1983
- Hale v. Kontaratos (In Re Kontaratos)United States Bankruptcy Court, D. Maine · 1981
- In Re Schenck Tours, Inc.United States Bankruptcy Court, E.D. New York · 1987
- Thousand Acres Development, LLC v. Kreger (In Re Kreger)United States Bankruptcy Court, D. Minnesota · 2003