Legal Opinion
In Re Pine Lake Village Apartment Co.
United States Bankruptcy Court, S.D. New York
Decided April 23, 1982No. 18-36710PublishedCited by 126 opinions
1Opinion of the Court
HOWARD SCHWARTZBERG, Bankruptcy Judge.
The debtor in this Chapter 11 case, a limited partnership owning a multi-apartment house complex, opposes its mortgagee’s, request for relief from the automatic stay imposed under 11 U.S.C. § 362. The debtor concedes that it has no equity in the apartment house complex, which is its sole asset, since the mortgage principal amounts to $10,400,000, exclusive of interest, whereas the uncontradicted value of the property is approximately $6,400,000. The only creditors, other than the mortgagee, are trade creditors whose claims, aggregating approximately…
2Cases cited27 opinions
- Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935
- Continental Illinois National Bank & Trust Co. v. Chicago, Rock Island & Pacific Ry. Co.Supreme Court of the United States · 1935
- Wright v. Vinton Branch of Mountain Trust Bank of RoanokeSupreme Court of the United States · 1937
- Metropolitan Life Ins. v. Murel Holding Corp.Court of Appeals for the Second Circuit · 1935
- Wright v. Union Central Life InsuranceSupreme Court of the United States · 1941
22 more not listed; retrieve them via the Exa API.
3Cited by126 opinions
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- In Re American Mariner Industries, Inc., Debtor. Crocker National Bank v. American Mariner Industries, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1984
- In Re U.S. Truck Company, Inc., a Michigan Corporation, Debtor. Teamsters National Freight Industry Negotiating Committee v. U.S. Truck Company, Inc.Court of Appeals for the Sixth Circuit · 1986
- Matter of Johns-Manville Corp.United States Bankruptcy Court, S.D. New York · 1986
- In Re Future Energy Corp.United States Bankruptcy Court, S.D. Ohio · 1988
121 more not listed; retrieve them via the Exa API.