In Re Bethesda Air Rights Ltd. Partnership

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “[T]he right to possession of the rents, i.e. distribution, is not perfected until demand after default.”
• “This concept ... is inherently inequitable to other creditors and interest holders whose beneficial values would be destroyed thereby, but might be saved through a Chapter 11 reorganization.”
• where rents are treated as security, rents collected post-petition are cash collateral, even where creditor had perfected its interest in the rents pre-petition and had satisfied state law requirements to enforce assignment of -rents.

Source: CourtListener parenthetical corpus (CC0).