Jacobson v. Commonwealth Mortg. Grp., LLC

How courts have described this case

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

• holding that substantive consolidation is not available where creditors can prove \they are adversely affected and actually relied on debtors' separate existence.\
• holding that substantive consolidation was inappropriate when, inter alia, prepetition lenders relied on entity separateness
• concluding that courts must “respect entity separateness absent compelling circumstances calling equity . . . into play”
• Discussing that lenders may structure a loan based on evaluating corporate affiliates as separate entities to determine the value of parent or subsidiaries’ guarantees, rather than considering affiliates as one indistinguishable entity.
• Discussing that lenders may structure a loan based on evaluating corporate affiliates as separate entities to determine the value of parent or subsidiaries’ guarantees, rather than considering affiliates as one indistinguishable entity.
• Discussing that lenders may structure a loan based on evaluating corporate affiliates as separate entities to determine the value of parent or subsidiaries’ guarantees, rather than considering affiliates as one indistinguishable entity.

Source: CourtListener parenthetical corpus (CC0).