Legal Opinion
Santa Fe Development & Mortgage Corp. v. McCormack (In Re Santa Fe Development & Mortgage Corp.)
United States Bankruptcy Appellate Panel for the Ninth Circuit
Decided December 28, 1981No. Bankruptcy EC 81-1055-KLVPublishedCited by 35 opinions
1Opinion of the Court
KATZ, Bankruptcy Judge:
Prior to the filing of the within bankruptcy the debtor, Santa Pe Development and Mortgage Corporation, was involved in extensive state court litigation with the appel-lees, James L. and Loretta J. McCormack (hereinafter McCormack). As a result of that litigation the parties entered into a stipulated settlement which became effective on July 11, 1979.
The settlement provided the basis for the sale of three parcels of property located in Roseville, California. The purchase price for the property was $485,000. The escrow provided that the sale would be consummated upon…
2Cases cited4 opinions
- Schokbeton Industries, Inc. v. Schokbeton Products Corp.Court of Appeals for the Fifth Circuit · 1972
- Good Hope Refineries, Inc. v. Belia R. BenavidesCourt of Appeals for the First Circuit · 1979
- Simons v. YoungCalifornia Court of Appeal · 1979
- Gulfco Investment Corporation v. HoganCourt of Appeals for the Tenth Circuit · 1975
3Cited by35 opinions
- Gerald W. Moody, and Jermoo's Incorporated, Debtors-In-Possession, Plaintiffs v. Amoco Oil CompanyCourt of Appeals for the Seventh Circuit · 1984
- Johnson v. First National Bank Of MontevideoCourt of Appeals for the First Circuit · 1983
- In Re BoothUnited States Bankruptcy Court, D. Utah · 1982
- Noonan v. Secretary of Health & Human ServicesCourt of Appeals for the First Circuit · 1997
- Johnson v. First National BankCourt of Appeals for the Eighth Circuit · 1983
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