In the Matter of Spanish Peaks Holdings II, LLC
9th Cir.; 15-35572 The court of appeals affirmed a judgment. The court held that the bankruptcy court properly authorized the sale of the debtor’s…
July 14, 2017 at 06:01 PM
3 minute read
9th Cir.;
15-35572
The court of appeals affirmed a judgment. The court held that the bankruptcy court properly authorized the sale of the debtor's real property free and clear of the long term leases that encumbered the property.
Spanish Peaks Holdings II, LLC filed for Chapter 7 bankruptcy. At the time of the filing, it owned property that was subject to two long term leases. The bankruptcy court approved a plan to sell the property “free and clear” of all leases.
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