In the Matter of Little Creek Development Company, Debtor. Little Creek Development Co. v. Commonwealth Mortgage Corp.

U.S. Court of Appeals, Fifth Circuit · Decided 1986-01-03

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EDITH HOT J,AN JONES, Circuit Judge. The debtor, Little Creek Development Company (Little Creek), appeals from an order of the bankruptcy court lifting the automatic stay so that the secured creditor, Commonwealth Mortgage Corporation (Commonwealth), could foreclose on Little Creek’s single asset, two parcels of undeveloped real estate. The principal issue on appeal is whether t…

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