Legal Opinion
In Re Ladycliff College
United States Bankruptcy Court, S.D. New York
Decided February 4, 1985No. 19-10670PublishedCited by 9 opinions
1Opinion of the Court
DEBTOR’S MOTION TO EXPUNGE CLAIMS
EDWARD J. RYAN, Bankruptcy Judge.
Ladycliff College (Ladycliff) filed a voluntary petition for reorganization with this court pursuant to Chapter 11 of the Bankruptcy Code on December 22, 1981.
At the time Ladycliff filed for reorganization, it was indebted to Marine for $384,-734.78 in principal and interest. Marine’s security for the loan amounted to $321,-983.83 (the $150,000 mortgage and securities, certificates of deposit and savings accounts worth $171,983.81). 11 U.S.C. § 506(a).
The securities, certificates of deposit and savings accounts were sold after…
2Cases cited5 opinions
- Security Mortgage Co. v. PowersSupreme Court of the United States · 1928
- In Re Pine Lake Village Apartment Co.United States Bankruptcy Court, S.D. New York · 1982
- 6 Collier bankr.cas.2d 321, Bankr. L. Rep. P 69,005 in Re United Merchants and Manufacturers, Inc., Debtors. United Merchants and Manufacturers, Inc., Debtors-Appellees v. The Equitable Life Assurance Society of the United States and John Hancock Mutual Life Insurance CompanyCourt of Appeals for the Second Circuit · 1982
- Mead v. First Trust & Deposit Co.Appellate Division of the Supreme Court of the State of New York · 1977
- Central Trust Co. v. Burchett (In Re Willson Dairy Co.)United States Bankruptcy Court, S.D. Ohio · 1983
3Cited by9 opinions
- In Re Loewen Group International, Inc.United States Bankruptcy Court, D. Delaware · 2002
- In Re SaundersUnited States Bankruptcy Court, W.D. Virginia · 1991
- United States v. HaynesUnited States Court of Military Appeals · 1964
- Liberty National Bank & Trust Co. of Louisville v. GeorgeDistrict Court, W.D. Kentucky · 1987
- United States v. SmithUnited States Court of Military Appeals · 1972
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