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Ballard Spahr LLP v Official Committee of Equity Security Holders

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In re B.R. Brookfield Commons

  • Summarized by Melissa De Groff , Kroger, Gardis & Regas, LLP
  • 12 years 3 months ago
Citation:
-- F.3d --, 2013 WL 5881565 (7th Cir. 2013)
Ruling:
Claim based on a non-recourse second mortgage must be allowed pursuant to Bankruptcy Code section 1111(b(1)(A), which requires only that the claim be secured by a lien on property of the estate,...
Judge(s):
Bauer, Flaum, and Rovner.
Tag(s):

Peoples National Bank, N.A. v. Banterra Bank

  • Summarized by Melissa De Groff , Kroger, Gardis & Regas, LLP
  • 12 years 9 months ago
Citation:
Case No. 12-3079 (7th Cir. May 20, 2013)
Ruling:
A cross-collateralization clause in first priority mortgage put second priority mortgagee on inquiry notice of debt in excess of promissory note specified in first mortgage. Therefore, first...
Judge(s):
Kanne, Williams and Zagel (by designation from the Northern District of Illinois).
Tag(s):

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