In re Black Angus Holdings, LLC 434 B.R. 612 (Bankr. Kan. 2010)

Neil Sader

Case Conclusion Date:July 23, 2010

Practice Area:Bankruptcy / Chapter 11

Outcome:Decision for the mortgage lien holder.

Description:The Court decided that a purchase money mortgage lien acquired subsequent to an after acquired property mortgage provision pursuant to a ground lease has a first priority to sale proceeds in the fee interest of the property.