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Legal Opinion

Anchor Savings Bank FSB v. Sky Valley, Inc.

District Court, N.D. Georgia

Decided January 24, 1989No. 2:88-cv-00126PublishedCited by 6 opinions

1Opinion of the Court

ORDER

O’KELLEY, Chief Judge.

This case is before the court on the appeal of Anchor Savings Bank FSB (Anchor) from the bankruptcy court’s September 12, 1988, order (the Sept. 12 Order) granting the debtor, Sky Valley, Inc., authorization pursuant to 11 U.S.C. § 364(d) 1 to obtain superpriority financing from Bank South NA, an existing undersecured junior lien-holder.

This is apparently a case of first impression in this circuit. Section 364(d) provides that a bankruptcy court may authorize the debtor to obtain credit secured by a senior lien on property of the estate if the credit is otherwise…

2Cases cited16 opinions

  1. In Re Eli Kenneth Mellor and Lisa Mellor, Debtors. Raymond G. Pistole and Raymond R. Bragg v. Eli Kenneth Mellor and Lisa MellorCourt of Appeals for the Ninth Circuit · 1984
  2. Bankers Life Insurance v. Alyucan Interstate Corp. (In Re Alyucan Interstate Corp.)United States Bankruptcy Court, D. Utah · 1981
  3. Bankr. L. Rep. P 71,146 in Re Snowshoe Company, Inc., Debtor. (Three Cases). Michael L. Bray, Trustee v. Shenandoah Federal Savings and Loan Association, and Ingersoll-Rand Financial Credit Corporation Monongahela Power Company Charleston Linen Service Precision Pump, Inc. Ford Motor Credit Company John Deere Industrial Equipment Company Snowshoe Summit Development Company Miscellaneous Creditors Haven Homes, Inc. Bowles, McDavid Graff & Love Law Firm Mountain State Telephone Company Remond, Anderson & Rice, Inc. Community Bank and Trust, National Association Charleston National Bank Hungry Hare, Inc. And Slope Shops, Inc., (Two Cases). Michael L. Bray, Trustee v. Ingersoll-Rand Financial Credit Corporation, and Shenandoah Federal Savings and Loan Assocation Monongahela Power Company Charleston Linen Service Precision Pump, Inc. Ford Motor Credit Company John Deere Industrial Equipment Company Snowshoe Summit Development Company Miscellaneous Creditors Haven Homes, Inc. Bowles, McDavid Graff & Love Law Firm Mountain State Telephone Company Remond Anderson & Rice, Inc. Community Bank and Trust, National Association Charleston National Bank Hungry Hare, Inc. And Slope Shops, Inc.Court of Appeals for the Fourth Circuit · 1986
  4. In Re Grant Broadcasting of Philadelphia, Inc.District Court, E.D. Pennsylvania · 1987
  5. In Re Grant Broadcasting of Philadelphia, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1987

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3Cited by6 opinions

  1. In Re Aqua AssociatesUnited States Bankruptcy Court, E.D. Pennsylvania · 1991
  2. Matter of American Sunlake Ltd. PartnershipUnited States Bankruptcy Court, W.D. Michigan · 1989
  3. Suntrust Bank v. DEN-MARK CONSTRUCTION, INC.District Court, E.D. North Carolina · 2009
  4. In Re Stoney Creek Technologies, LLCUnited States Bankruptcy Court, E.D. Pennsylvania · 2007
  5. Bland v. Farmworker CreditorsDistrict Court, S.D. Georgia · 2003

1 more not listed; retrieve them via the Exa API.

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