Principal Mutual Life Insurance Co. v. Atrium Development Co. (In Re Atrium Development Co.)
United States Bankruptcy Court, E.D. Virginia
1Opinion of the Court
MEMORANDUM OPINION
DOUGLAS O. TICE, Jr., Bankruptcy Judge.
Introduction
In this chapter 11 case, Principal Mutual Life Insurance Company (“Principal”) filed a motion for relief from stay for the purpose of foreclosing its deed of trust against the debtor’s principal asset, an office building. The debtor objected to the relief from stay motion and filed its own motion for authority to use the building rents as cash collateral pursuant to 11 U.S.C. § 363(c)(2). Prior to commencement of debtor’s chapter 11 case, Principal had exercised its rights under the deed of trust and a collateral assignment…
2Cases cited16 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Equitable Life Assurance Society v. James River Associates (In Re James River Associates)District Court, E.D. Virginia · 1992
- First Yorkshire Holdings, Inc. v. Pacifica L 22, LLC. (In Re First Yorkshire Holdings, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2012
- Frayser's Adm'r v. R. & A. R. R.Supreme Court of Virginia · 1886
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3Cited by8 opinions
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- Security Leasing Partners, LP v. ProAlert, LLC (In Re ProAlert, LLC)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2004
- Matter of Newberry Square, Inc.United States Bankruptcy Court, E.D. Michigan · 1994
- In Re Koula Enterprises, Ltd.United States Bankruptcy Court, E.D. New York · 1996
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