- 11 U.S.C.
Meruelo Maddux Properties-760 S. Hill St. LLC v. Bank of Am. N.A. (In re Meruelo Maddux Props. Inc.)
Jan
27
2012
Ruling
District court properly reversed bankruptcy court holding to find that there is no "whole business enterprise" exception to single asset real estate provisions of the Bankruptcy Code.
Procedural posture
A bankruptcy court refused to apply the single asset real estate provisions of 11 U.S.C.S. §§ 101(51B), 362(d)(3), to appellant debtor and its sister subsidiaries. The U.S. District Court for the Central District of California reversed, holding there was no whole enterprise exception, and granted appellee creditor relief from the automatic stay. The debtor appealed.
ABI Membership is required to access the full summary of Meruelo Maddux Properties-760 S. Hill St. LLC v. Bank of Am. N.A. (In re Meruelo Maddux Props. Inc.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
Judge or Jurisdiction information not available