Legal Opinion
In re R. A. Security Holdings, Inc.
District Court, E.D. New York
Decided July 21, 1942No. 42785PublishedCited by 2 opinions
1Opinion of the Court
MOSCOWITZ, District Judge.
The debtor owns a single parcel of real estate located at 107 West 86th Street, New York City. It acquired title to the property for $2,640, subject to a certificated mortgage in the principal sum of $825,000 and unpaid interest. It is conceded that the debtor never assumed the obligation to pay the mortgage indebtedness.
The certificate issue was one of a number of Prudence-Bonds Corporation issues which were guaranteed by The Prudence Company, Inc., and sold to the public. The petitioning creditors are holders of such mortgage participation certificates, and as such…
2Cases cited5 opinions
- Campbell v. Alleghany CorporationCourt of Appeals for the Fourth Circuit · 1935
- In Re Central Funding CorporationCourt of Appeals for the Second Circuit · 1935
- In Re Westover, Inc.Court of Appeals for the Second Circuit · 1936
- Herbert V. Apartments Corp. v. Mortgage Guarantee Co.Court of Appeals for the Third Circuit · 1938
- In Re Draco Realty CorporationDistrict Court, S.D. New York · 1935
3Cited by2 opinions
- In Re Southern Land Title CorporationDistrict Court, E.D. Louisiana · 1968
- In re Sponsor Realty Corp.District Court, S.D. New York · 1943