Legal Opinion
In Re Delta Resources, Inc., Debtor. Orix Credit Alliance, Inc. v. Delta Resources, Inc.
Court of Appeals for the Eleventh Circuit
Decided June 14, 1995No. 93-6919PublishedCited by 74 opinions
1Per curiam
Delta Resources, Inc., (“Delta”) appeals the district court’s order requiring payment of postpetition interest as part of the adequate protection it was required to pay as debtor-in-possession to appellee, Orix Credit Alliance Inc. (“Orix”). We reverse.
I. FACTS AND PROCEDURAL BACKGROUND
On November 30, 1992, appellant Delta filed a voluntary petition under Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 101 et seq., in the United States Bankruptcy Court for the Northern District of Alabama. On December 29,1992, appellee Orix, claiming to be an oversecured creditor, moved for relief from the…
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3Cited by74 opinions
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