Quimbee logo
DMCA.com Protection Status
From our private database of 15,400+ case briefs...

In re Buena Vista Oceanside, LLC

United States Bankruptcy Court for the Western District of Pennsylvania
479 B.R. 342 (2012)

Facts

Buena Vista Oceanside, LLC (Buena Vista) (debtor) owned and operated two small hotels in Florida. Optimum Bank (Optimum) (creditor) loaned Buena Vista $4,368,000 and retained a first-priority mortgage lien on the properties. Buena Vista filed for reorganization under chapter 11 of the bankruptcy code, and Optimum filed a proof of claim. Buena Vista filed a motion to obtain a valuation of Optimum’s secured claim and for avoidance of the lien. Both Buena Vista and Optimum hired professional real-estate appraisers to appraise the value of the mortgaged properties. Based on the appraisers’ valuations, Buena Vista asserted that the collective value of the two properties was $1,690,000. Optimum asserted that the collective value was $3,375,000.

Rule of Law

Issue

Holding and Reasoning (Fitzgerald, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 321,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 15,400 briefs, keyed to 210 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Here's why 321,000 law students have relied on our case briefs:

  • Reliable - written by law professors and practitioners not other law students.
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your class - works on your mobile and tablet.
  • 15,400 briefs - keyed to 210 casebooks.
  • Uniform format for every case brief.
  • Written in plain English - not in legalese and not just repeating the court's language.
  • Massive library of related video lessons - and practice questions.
  • Top-notch customer support.