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Legal Opinion

First American Bank of Virginia v. Monica Road Associates (In Re Monica Road Associates)

United States Bankruptcy Court, E.D. Virginia

Decided November 17, 1992No. 19-31105PublishedCited by 7 opinions

1Opinion of the Court

MEMORANDUM OPINION

MARTIN V.B. BOSTETTER, Jr., Chief Judge.

This matter is before the Court upon the motion of First American Bank of Virginia (the “Bank”) seeking relief from the automatic stay pursuant to Section 362(d)(2) of the Bankruptcy Code. 11 U.S.C. § 362(d)(2). For the reasons stated herein, we hold that the Bank is entitled to relief from stay.

On October 31, 1988, Monica Road Associates, a single-asset Virginia general partnership (the “Debtor”), was formed for the purpose of purchasing and then developing, operating and leasing raw land consisting of approximately 12.4685 acres in…

2Cases cited16 opinions

  1. United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
  2. In the Matter of Sandy Ridge Development Corporation, Debtor. Sandy Ridge Development Corporation v. Louisiana National BankCourt of Appeals for the Fifth Circuit · 1989
  3. In Re Peter Gordon Balbus, Debtor. Brown and Company Securities Corporation v. Peter Gordon BalbusCourt of Appeals for the Fourth Circuit · 1991
  4. Virginia National Bank v. Jones (In Re Jones)United States Bankruptcy Court, E.D. Virginia · 1980
  5. Maitland v. Central Fidelity Bank (In Re Maitland)United States Bankruptcy Court, E.D. Virginia · 1986

11 more not listed; retrieve them via the Exa API.

3Cited by7 opinions

  1. United States Ex Rel. Farmers Home Administration v. Arnold & Baker Farms (In Re Arnold & Baker Farms)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1994
  2. In Re Kkemko, Inc.United States Bankruptcy Court, S.D. Ohio · 1995
  3. In Re Melgar Enterprises, Inc.United States Bankruptcy Court, E.D. New York · 1993
  4. In re BrownUnited States Bankruptcy Court, M.D. Florida · 2003
  5. In Re Oceanside Mission AssociatesUnited States Bankruptcy Court, S.D. California · 1996

2 more not listed; retrieve them via the Exa API.

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