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Legal Opinion

In Re Skyler Ridge

United States Bankruptcy Court, C.D. California

Decided December 15, 1987No. Bankruptcy LA 87-13216-SBPublishedCited by 51 opinions

1Opinion of the Court

FIRST AMENDED MEMORANDUM OF DECISION

SAMUEL L. BUFFORD, Bankruptcy Judge.

I. INTRODUCTION

Secured creditor Travelers Insurance Company (“Travelers”) brings this motion pursuant to Bankruptcy Rule 3012 1 for a determination of the amount of its first priority lien on the debtor’s principal asset, a 448-unit apartment complex located in Overland Park, Kansas.

The debtor has proposed a sale of the property for $19,500,000 pursuant to a plan of reorganization, and to pay Travelers in full on its $15,000,000 note secured by a first mortgage on the property. However, Travelers contends that the payoff…

2Cases cited23 opinions

  1. Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
  2. In Re Joseph C. Taddeo and Ellen A. Taddeo, Debtors. Elfriede Di Pierro v. Joseph C. Taddeo and Ellen A. Taddeo and Richard J. McCord Interim TrusteeCourt of Appeals for the Second Circuit · 1982
  3. Garrett v. Coast & Southern Federal Savings & Loan Ass'nCalifornia Supreme Court · 1973
  4. Hassett v. Revlon, Inc. (In Re O. P. M. Leasing Services, Inc.)United States Bankruptcy Court, S.D. New York · 1982
  5. 6 Collier bankr.cas.2d 321, Bankr. L. Rep. P 69,005 in Re United Merchants and Manufacturers, Inc., Debtors. United Merchants and Manufacturers, Inc., Debtors-Appellees v. The Equitable Life Assurance Society of the United States and John Hancock Mutual Life Insurance CompanyCourt of Appeals for the Second Circuit · 1982

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3Cited by51 opinions

  1. Thrifty Oil Co. v. Bank of America National Trust and Savings AssociationCourt of Appeals for the Ninth Circuit · 2003
  2. Connecticut General Life Insurance v. Schaumburg Hotel Owner Ltd. Partnership (In Re Schaumburg Hotel Owner Ltd. Partnership)United States Bankruptcy Court, N.D. Illinois · 1989
  3. In Re Vest AssociatesUnited States Bankruptcy Court, S.D. New York · 1998
  4. U.S. Bank Trust National Ass'n v. American Airlines, Inc. (In re AMR Corp.)United States Bankruptcy Court, S.D. New York · 2013
  5. In Re Consolidated Properties Ltd. PartnershipUnited States Bankruptcy Court, D. Maryland · 1993

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