Matter of 183 Lorraine Street Associates

How courts have described this case

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

• noting that the purpose of the §1111(b)(2) election is to protect secured creditors from the opportunistic cashing out of their claims during periods of market contraction
• noting that the purpose of the §1111(b)(2) election is to protect secured creditors from the opportunistic cashing out of their claims during periods of market contraction
• “A reversal would require only that, as a condition of relief, a prevailing appellant reimburse [appellee] for the monies paid in satisfaction of the New York City taxes and all other claims.”

Source: CourtListener parenthetical corpus (CC0).