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Provident Hospital & Training Ass'n v. GMAC Mortgage Co. (In Re Provident Hospital & Training Ass'n)

United States Bankruptcy Court, N.D. Illinois

Decided October 7, 1987No. 18-33223PublishedCited by 14 opinions

1Opinion of the Court

MEMORANDUM AND OPINION

ROBERT E. GINSBERG, Bankruptcy Judge.

JURISDICTION

This is a core proceeding pursuant to 28 U.S.C. § 157(b)(2)(K).

FACTS

The facts in this case are simple, and with one exception, uncontested. On August 1, 1978 Provident Hospital & Training Association (“Provident”) entered into a loan agreement with Mercantile Mortgage Company (“Mercantile”), pursuant to which Mercantile made a loan to Provident in the amount of $13,750,000, for the construction of a new hospital. At the time of the loan, Mercantile took three different steps to protect itself in connection with this loan.…

2Cases cited5 opinions

  1. Lewis v. Manufacturers National Bank of DetroitSupreme Court of the United States · 1961
  2. Tuftco Corp. v. United StatesUnited States Court of Claims · 1980
  3. American Employers Insurance Company v. American Security Bank, N.A. American Security Bank, N.A. v. American Employers Insurance CompanyCourt of Appeals for the D.C. Circuit · 1984
  4. In Re Vodco Volume Development Company, Inc., Bankrupt. Erick Furedy, Trustee v. Herman ApplemanCourt of Appeals for the Tenth Circuit · 1978
  5. Midkiff Implement Co. v. WorrallAppellate Court of Illinois · 1983

3Cited by14 opinions

  1. Official Committee of Unsecured Creditors of Toy King Distributors, Inc. v. Liberty Savings Bank, FSB (In Re Toy King Distributors, Inc.)United States Bankruptcy Court, M.D. Florida · 2000
  2. In Re Chicago Lutheran Hospital Ass'nUnited States Bankruptcy Court, N.D. Illinois · 1988
  3. Paulman v. Gateway Venture Partners III, L.P. (In re Filtercorp, Inc.)Court of Appeals for the Ninth Circuit · 1998
  4. In Re Filtercorp, Inc.Court of Appeals for the Ninth Circuit · 1998
  5. In Re Rexplore Drilling, Inc., Debtor. J. Hunt Perkins, Trustee v. Petro Supply Company, Inc.Court of Appeals for the Sixth Circuit · 1992

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