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Peoples Capital & Leasing Corp. v. Big3D Inc. (In re Big3D Inc.)

Peoples Capital & Leasing Corp. v. Big3D Inc. (In re Big3D Inc.)

Ruling
Bankruptcy court properly held creditor was not entitled to adequate protection payments to compensate for decline in value of collateral.
Procedural posture

Appellant, a secured creditor, challenged an order of the Bankruptcy Court for the Eastern District of California holding that the creditor was not entitled to adequate protection payments from the debtor to compensate it for the decline in the value of its collateral occurring between the petition date and the date the creditor filed its request for adequate protection. The court granted en banc consideration.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on October 06, 2010 , LexisNexis #1110-100