Legal Opinion
In re P.M.G. Properties
District Court, E.D. Michigan
Decided December 5, 1985No. Bankruptcy No. 85-02964-BPublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM OPINION
GEORGE BRODY, Chief Judge.
This is an action instituted pursuant to section 363(c)(2) of the Bankruptcy Code.
On November 4, 1983, Bonny Brook Associates (Bonny Brook), a Michigan general partnership, executed and delivered a promissory note in the amount of $2,363,-764.00 to Consolidated Capital Income Trust (Consolidated). To secure payment of the note, Bonny Brook executed and delivered to Consolidated a wraparound mortgage covering a 176-unit apartment complex, which contained an assignment of rents clause, and a separate conditional assignment of rents and leases.1…
2Cases cited15 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Wagar v. StoneMichigan Supreme Court · 1877
- Ladue v. Detroit & Milwaukee RailroadMichigan Supreme Court · 1865
- Detroit Trust Co. v. Detroit City Service Co.Michigan Supreme Court · 1933
- Caruthers v. HumphreyMichigan Supreme Court · 1864
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3Cited by7 opinions
- In Re Mount Pleasant Ltd. PartnershipUnited States Bankruptcy Court, W.D. Michigan · 1992
- In Re Bethesda Air Rights Ltd. PartnershipUnited States Bankruptcy Court, D. Maryland · 1990
- In Re 1301 Connecticut Avenue AssociatesDistrict Court, District of Columbia · 1990
- In Re MoccoUnited States Bankruptcy Court, D. New Jersey · 1995
- Matter of Coventry Commons AssociatesDistrict Court, E.D. Michigan · 1992
2 more not listed; retrieve them via the Exa API.