In re Tillie Pierce House LLC
Aug
10
2011
Ruling
Motion for payment of escrowed funds for unpaid postpetition preconversion taxes upon debtor's default under stipulation denied as funds were property of the estate.
Procedural posture
Debtor filed a chapter 11 bankruptcy petition. The debtor and movant creditor executed a stipulation in which they agreed that the debtor would make monthly adequate protection payments to the creditor. The creditor filed a certification that the debtor defaulted on the stipulation. The case was converted to chapter 7. The creditor filed a motion for payment of escrowed tax moneys, seeking the release of funds held by the trustee.
ABI Membership is required to access the full summary of In re Tillie Pierce House LLC Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: