Legal Opinion
General Electric Mortgage Corp. v. South Village, Inc. (In Re South Village, Inc.)
United States Bankruptcy Court, D. Utah
Decided December 30, 1982No. 19-20142PublishedCited by 57 opinions
1Opinion of the Court
MEMORANDUM OPINION ON OPPORTUNITY COST AND ADEQUATE PROTECTION
RALPH R. MABEY, Bankruptcy Judge.
INTRODUCTION AND BACKGROUND
South Village, Inc. (debtor), the owner of a shopping mall, filed a petition under Chapter 11 on January 11, 1982. General Electric Mortgage Corporation (GEMC), a lienor on the mall, filed a complaint for relief from the stay on March 2. A preliminary evidentiary hearing was held March 24. The evidence showed that, as of March 24, the debt had matured and was due in the amount of $4,369,000. The value of the mall was $4,340,000. Hence, GEMC was underseeured. Before…
2Cases cited31 opinions
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
- Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935
- United States v. Security Industrial BankSupreme Court of the United States · 1982
- 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
26 more not listed; retrieve them via the Exa API.
3Cited by57 opinions
- 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 CurtisUnited States Bankruptcy Court, D. Utah · 1984
- In Re Timbers Of Inwood Forest Associates, Ltd.Court of Appeals for the Fifth Circuit · 1987
- In Re 222 Liberty AssociatesUnited States Bankruptcy Court, E.D. Pennsylvania · 1990
- In Re Briggs Transportation Company, Debtor. Lend Lease, a Division of National Car Rental Systems, Inc. v. Briggs Transportation Company, in Re Briggs Transportation Company, Debtor. General Motors Acceptance Corporation v. Briggs Transportation CompanyCourt of Appeals for the Eighth Circuit · 1986
52 more not listed; retrieve them via the Exa API.