Matter of 183 Lorraine Street Associates
District Court, E.D. New York
1Opinion of the Court
GLASSER, District Judge:
SUMMARY
This is a state foreclosure action disguised as an involuntary Chapter 11 bankruptcy case. This case illustrates both the extent to which the protections of Chapter 11 can be perverted into weapons against unsuspecting creditors as well as the pitfalls awaiting a mortgagee that does not diligently extricate itself from the bankruptcy appellate process.
The debtor is 183 Lorraine Street Associates (“Lorraine”), a limited-partnership real estate holding company. Lorraine’s sole asset is a parcel of commercial real estate located at 183 Lorraine Street in the Red…
2Cases cited39 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- In the Matter of Little Creek Development Company, Debtor. Little Creek Development Co. v. Commonwealth Mortgage Corp.Court of Appeals for the Fifth Circuit · 1986
- In Re Bryson Properties, Xviii, Debtor. Travelers Insurance Company v. Bryson Properties, XviiiCourt of Appeals for the Fourth Circuit · 1992
- In the Matter Of: Unr Industries, Inc., Debtors. Appeals of Unarco Bloomington Factory WorkersCourt of Appeals for the Seventh Circuit · 1994
- In Re Aov Industries, Inc., Hubert R. Bruce, Appeal of Hawley Fuel Coalmart, Inc. And Hawley Fuel Coal, Inc.Court of Appeals for the D.C. Circuit · 1986
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- Montague Pipeline Technologies Corp. v. Grace/Lansing & Grace Industries, Inc. (In Re Montague Pipeline Technologies Corp.)United States Bankruptcy Court, E.D. New York · 1997
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