The Bankruptcy Appellate Panel for the Ninth Circuit (“BAP”) just published an opinion clarifying the effect of the automatic stay on property abandoned by a bankruptcy trustee back to the corporate debtor. The case arose in the Central District of California, In re Gasprom, Inc., 2013 DJDAR 14399. The corporation, Gasprom, Inc., filed a Chapter… Continue Reading
Tag Archives: foreclosure
Assingnee of Deed of Trust Need Not Record Assignment Prior to Foreclosure
Posted in Real Estate DevelopmentOrdinarily, one who is assigned the beneficial interest in a debt secured by real property must record evidence of the assignment prior to exercising any power of sale by foreclosure or otherwise. Not so for deeds of trust says the Second District Court of Appeal. In its September 2011 decision in Calvo v. HSBC Bank… Continue Reading
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