Legal Opinion

In Re Berdick

District Court, S.D. New York

Decided December 22, 1931PublishedCited by 11 opinions

1Opinion of the Court

PATTERSON, District Judge.

A contest over rents has arisen between the mortgagee and the mortgagor’s receiver in bankruptcy. The mortgage contains the usual clause assigning the rents to the mortgagee in the event of default. The mortgag- or having defaulted, a foreclosure suit was commenced in the New York Supreme Court on October 19, 1931. To dispense with the appointment- of a receiver in that suit, the owner by written instrument dated November 2, 1931, authorized the mortgagee to go into possession of the premises and in the same paper,assigned to it the rents thereafter accruing as…

2Cases cited3 opinions

  1. Sullivan v. . RossonNew York Court of Appeals · 1918
  2. In re BroseCourt of Appeals for the Second Circuit · 1918
  3. In re MinogueDistrict Court, E.D. New York · 1930

3Cited by11 opinions

  1. In Re Shoppers Paradise, Inc.United States Bankruptcy Court, S.D. New York · 1980
  2. Prudential Ins. Co. of America v. Liberdar Holding Corp.Court of Appeals for the Second Circuit · 1934
  3. Investors Syndicate v. SmithCourt of Appeals for the Ninth Circuit · 1939
  4. Chicago Title & Trust Co. v. HaightCourt of Appeals for the Seventh Circuit · 1938
  5. Walker v. Irving Trust Co.Court of Appeals for the Second Circuit · 1934

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