Legal Opinion
D.H. Markstein, Jr., Stanton B. Ingram, Thomas W. Ingram and Donald A. Springer v. Massey Associates, Ltd.
Court of Appeals for the Eleventh Circuit
Decided June 24, 1985No. 83-7639PublishedCited by 40 opinions
1Opinion of the Court
JAMES C. HILL, Circuit Judge:
Appellant Massey Associates, Ltd. (Massey), a Chapter 11 debtor, appeals from a bankruptcy court order permitting foreclosure on Massey’s only substantial asset. We hold that the appeal is largely moot, since Massey failed to obtain a stay pending appeal with the result that the property was sold at foreclosure. We remand for a determination of whether Massey’s estate is entitled to any excess of the foreclosure bid over the amount of the mortgage debt at the time of foreclosure.
In 1980, the appellees/creditors (a group of partners headed up by Markstein) sold the…
2Cases cited3 opinions
- Greylock Glen Corporation v. Community Savings Bank, Alan S. Canter v. Community Savings Bank, Elco Resort Developers, Inc. v. Community Savings BankCourt of Appeals for the First Circuit · 1981
- In the Matter of Bleaufontaine, Inc., Bankrupt. Bleaufontaine, Inc. v. Roland International, in the Matter of Bluevack, Inc., Bankrupt. Bluevack, Inc. v. Roland International Corp., in the Matter of Fontainebleau Hotel Corp., Bankrupt. Fontainebleau Hotel Corp. v. Roland International Corp. And Larry Gilbert, in the Matter of Ben Novack, Bankrupt. Ben Novack v. Roland International, in the Matter of Ben Novack, Bankrupt. Ben Novack v. R. C. Gardner, Jr. And Larry Gilbert, Trustees, in the Matter of Ben Novack, Bankrupt. Ben Novack v. R. C. Gardner, Jr., and Larry Gilbert, Trustees, in the Matter of Bleaufontaine, Inc., Bankrupt. Bleaufontaine, Inc. v. R. C. Gardner, Jr., and Larry Gilbert, Trustees, in the Matter of Bleaufontaine, Inc., Bankrupt. Bleaufontaine, Inc. v. R. C. Gardner and Larry Gilbert, Trustees, in the Matter of Bluevack, Inc., Bankrupt. Bluevack, Inc. v. R. C. Gardner, Jr., and Larry Gilbert, Trustees, in the Matter of Bluevack, Inc., Bankrupt. Bluevack, Inc. v. R. C. Gardner, Jr., and Larry Gilbert, Trustees, in the Matter of Fontainebleau Hotel Corporation, Bankrupt. Fontainebleau Hotel Corporation v. R. C. Gardner, Jr., and Larry Gilbert, Trustees, in the Matter of Fontainebleau Hotel Corporation, Bankrupt. Fontainebleau Hotel Corporation v. R. C. Gardner, Jr., and Larry Gilbert, TrusteesCourt of Appeals for the Fifth Circuit · 1981
- In Re Royal Properties, Inc.Court of Appeals for the Ninth Circuit · 1980
3Cited by40 opinions
- In Re Club Associates, Debtor. First Union Real Estate Equity and Mortgage Investments v. Club Associates, a Georgia Limited PartnershipCourt of Appeals for the First Circuit · 1992
- In Re: Rickel Home Centers, Inc., Debtor L.R.S.C. Co. v. Rickel Home Centers, Inc. Staples, IncCourt of Appeals for the Third Circuit · 2000
- In The Matter Of Sullivan Central Plaza, I, Ltd.Court of Appeals for the Fifth Circuit · 1990
- In Re Onouli-Kona Land Co.Court of Appeals for the Ninth Circuit · 1988
- In Re Thomas H. Lashley and Jean H. Lashley, Debtors. Thomas H. Lashley, Jean H. Lashley v. First National Bank of Live OakCourt of Appeals for the First Circuit · 1987
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