$3 million claim can be treated as secured despite bankrupt motel's $550,000 value | Secondary Sources | Westlaw

$3 million claim can be treated as secured despite bankrupt motel's $550,000 value | Secondary Sources | Westlaw

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$3 million claim can be treated as secured despite bankrupt motel's $550, 000 value

2022 BKRDBRF 0013By Douglas MentesWESTLAW Bankruptcy Daily Briefing (Approx. 3 pages)

$3 million claim can be treated as secured despite bankrupt motel's $550, 000 value

2022 BKRDBRF 0013By Douglas MentesWESTLAW Bankruptcy Daily Briefing (Approx. 3 pages)

$3 million claim can be treated as secured despite bankrupt motel's $550,000 value

(January 11, 2022) - A Puerto Rico motel trying to reorganize under Chapter 11, Subchapter V, cannot prevent its lender from treating a $3 million claim as secured even though its motel property is worth only $550,000, a bankruptcy judge has ruled.
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