Legal Opinion
Ritz-Craft Corp. v. National Education Benefit Fund (In re Elm Ridge Associates)
United States Bankruptcy Court, S.D. New York
Decided May 28, 1999No. Bankruptcy Nos. 97-B-22243 (ASH) to 97-B-22245 (ASH); Adversary No. 98-5149APublishedCited by 2 opinions
1Opinion of the Court
DECISION ON LIEN PRIORITY UNDER SECTION 22 OF THE NEW YORK LIEN LAW
AD LAI S. HARDIN, Jr., Bankruptcy Judge.
In this adversary proceeding two creditors dispute the priority of their liens against the debtor’s real property on cross-motions for summary judgment. The plaintiff, Ritz-Craft Corporation of PA, Inc. (“Ritz-Craft”), claims that the *351prior construction loan mortgage lien of defendant National Electrical Benefit Fund (“NEBF”)1 is subordinated to the Ritz-Craft mechanics lien because of failure to comply with the requirements of Section 22 of the New York Lien Law. For the reasons set out…
2Cases cited7 opinions
- Novartis Corp. v. Luppino (In Re Luppino)United States Bankruptcy Court, S.D. New York · 1998
- Nanuet National Bank v. Eckerson Terrace, Inc.New York Court of Appeals · 1979
- Howard Savings Bank v. Lefcon PartnershipAppellate Division of the Supreme Court of the State of New York · 1994
- HNC Realty Co. v. Golan Heights Developers, Inc.New York Supreme Court · 1974
- Getman v. Green (In Re Admiral's Walk, Inc.)United States Bankruptcy Court, W.D. New York · 1991
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3Cited by2 opinions
- In Re: Elm Ridge AssociatesCourt of Appeals for the Second Circuit · 2000
- Ritz-Craft Corp. of PA, Inc. v. National Electric Benefit FundCourt of Appeals for the Second Circuit · 2000