Legal Opinion
James P. Stewart, Trustee of the James P. Stewart and Jeanne F. Stewart Trust v. Phillip S. Gurley Dba Modoc Rock
Court of Appeals for the Ninth Circuit
Decided September 28, 1984No. 84-3620PublishedCited by 50 opinions
1Per curiam
Phillip S. Gurley, a debtor in bankruptcy, appeals the district court’s decision affirming the bankruptcy court’s order granting Stewart relief from the automatic bankruptcy stay under 11 U.S.C. § 362(d). 1 Gurley challenges the bankruptcy court’s conclusion that he lacks “equity,” within the meaning of 11 U.S.C. § 362(d)(2)(A), in an encumbered apartment complex upon which Stewart seeks to foreclose.
We affirm the district court’s decision because the bankruptcy and district courts properly defined “equity” as the difference between the property value and the total amount of liens against it.…
2Cases cited11 opinions
- In Re Eli Kenneth Mellor and Lisa Mellor, Debtors. Raymond G. Pistole and Raymond R. Bragg v. Eli Kenneth Mellor and Lisa MellorCourt of Appeals for the Ninth Circuit · 1984
- La Jolla Mortgage Fund v. Rancho El Cajon AssociatesUnited States Bankruptcy Court, S.D. California · 1982
- First Federal Savings & Loan Ass'n of Lima v. Shriver (In Re Shriver)United States Bankruptcy Court, N.D. Ohio · 1983
- In Re Saint Peter's SchoolUnited States Bankruptcy Court, S.D. New York · 1982
- Walter E. Heller Western, Inc. v. Faires (In Re Faires)United States Bankruptcy Court, W.D. Washington · 1983
6 more not listed; retrieve them via the Exa API.
3Cited by50 opinions
- Westmoreland Human Opportunities, Inc. v. James R. Walsh, Trustee of the Bankruptcy Estate of Life Service Systems, Inc. Life Service Systems, IncCourt of Appeals for the Third Circuit · 2001
- First Agricultural Bank v. Jug End in Berkshires, Inc. (In Re Jug End in the Berkshires, Inc.)United States Bankruptcy Court, D. Massachusetts · 1985
- First Yorkshire Holdings, Inc. v. Pacifica L 22, LLC. (In Re First Yorkshire Holdings, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2012
- Matter of JonesUnited States Bankruptcy Court, N.D. Indiana · 1990
- Chizzali v. Gindi (In Re Gindi)Court of Appeals for the Tenth Circuit · 2011
45 more not listed; retrieve them via the Exa API.