Legal Opinion
In Re South Beach Securities, Inc.
United States Bankruptcy Court, N.D. Illinois
Decided November 1, 2007No. 19-05838PublishedCited by 14 opinions
1Opinion of the Court
MEMORANDUM OPINION
A. BENJAMIN GOLDGAR, Bankruptcy Judge.
This chapter 11 bankruptcy case is before the court for ruling following a combined hearing on the adequacy of the debt- or’s disclosure statement and confirmation of its plan. For the reasons that follow, confirmation of the plan will be denied.
1. Background
Debtor South Beach Securities, Inc. is a corporate shell with no business operation or income. Its only assets are net operating losses, a tax attribute. It has a single creditor, a related entity called Scattered Corporation, with a claim of $3,297,489. South Beach proposes a plan…
2Cases cited45 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Christianson v. Colt Industries Operating Corp.Supreme Court of the United States · 1988
- General Electric Capital Corporation v. Lease Resolution CorporationCourt of Appeals for the Seventh Circuit · 1997
- Bank of America National Trust & Savings Ass'n v. 203 North LaSalle Street PartnershipSupreme Court of the United States · 1999
- Rose WILDER, Plaintiff-Appellant, v. Kenneth S. APFEL, Commissioner of Social Security, Defendant-AppelleeCourt of Appeals for the Seventh Circuit · 1998
40 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Schubert v. Lucent Technologies Inc. (In Re Winstar Communications, Inc.)Court of Appeals for the Third Circuit · 2009
- In Re DraimanUnited States Bankruptcy Court, N.D. Illinois · 2011
- In Re South Beach Securities, Inc.Court of Appeals for the Seventh Circuit · 2010
- In Re Countrywide Home Loans, Inc.United States Bankruptcy Court, W.D. Pennsylvania · 2008
- In Re Sentinel Management Group, Inc.United States Bankruptcy Court, N.D. Illinois · 2008
9 more not listed; retrieve them via the Exa API.