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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:

Opinion Link

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: