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Ninth Circuit Holds that One Accepting Class in Joint Plan Is Sufficient

A secured creditor making the 1111(b) election is not automatically entitled to a due-on-sale clause paying the claim in full if the property is sold after confirmation.

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Opinion Link

Case Details

Judge Name

Milan D. Smith, Michelle T. Friedland

Case Citation

JPMCC 2007-C1 Grasslawn Lodging LLC v. Transwest Resort Properties Inc. (In re Transwest Resort Properties Inc.), 16-16221 (9th Cir. Jan. 25, 2018)

Case Name

In re Transwest Resort Properties Inc.

Case Type

Business
Court