In Re Koula Enterprises, Ltd.

How courts have described this case

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

• stating that when a receiver is appointed “[t]he title remains in those in whom it was vested when the appointment was made”
• explaining that “the effect of the appointment of a receiver in the present case was to terminate the Debtor’s right to possession of the rents, not to terminate its ownership prior to a judgment of foreclosure and subsequent sale”
• rejecting the creditor’s ■ argument that “under New York law, the appointment of a receiver in a mortgage foreclosure action transfers title to the rents to the bank”
• “rents are [] property of the estate pursuant to 11 U.S.C. § 541”

Source: CourtListener parenthetical corpus (CC0).