Legal Opinion

In Re Galvin

United States Bankruptcy Court, D. Vermont

Decided November 5, 1990No. 19-10133PublishedCited by 7 opinions

1Opinion of the Court

11 USC § 541 DETERMINATION 1

FRANCIS G. CONRAD, Bankruptcy Judge.

Bank seeks a determination whether post-petition rent paid to it from Debtors’ tenant under a lease assigned to Bank pre-petition and after a default on a commercial mortgage is not property of Debtors’ Chapter 13 bankruptcy estate under 11 U.S.C. § 541(a). 2 An issue of first impression in this District, we hold Vermont’s Supreme Court would find an absolute assignment of rent under the operative documents and facts. Thus, we conclude the post-petition rent is not part of Debtors’ bankruptcy estate.

FACTS

On October 21, 1986,…

2Cases cited25 opinions

  1. Butner v. United StatesSupreme Court of the United States · 1979
  2. Lewis v. Manufacturers National Bank of DetroitSupreme Court of the United States · 1961
  3. Freedman's Saving & Trust Co. v. ShepherdSupreme Court of the United States · 1888
  4. In Re Prichard Plaza Associates Ltd. PartnershipUnited States Bankruptcy Court, D. Massachusetts · 1988
  5. In Re Kors, Inc.Court of Appeals for the Second Circuit · 1987

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3Cited by7 opinions

  1. In Re DupellUnited States Bankruptcy Court, E.D. Pennsylvania · 1999
  2. In Re MoccoUnited States Bankruptcy Court, D. New Jersey · 1995
  3. Condor One, Inc. v. Turtle Creek, Ltd. (In Re Turtle Creek, Ltd.)United States Bankruptcy Court, N.D. Alabama · 1996
  4. In Re Salem Plaza AssociatesUnited States Bankruptcy Court, S.D. New York · 1992
  5. CS First Boston Mortgage Capital Corp. v. RV Centennial Partnership (In Re RV Centennial Partnership)United States Bankruptcy Court, D. Colorado · 1996

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