MEMORANDUM OF LAW in Opposition re: 34 MOTION to Stay Pending Appeal., 35 MOTION to Stay re: 34 MOTION to Stay Pending Appeal. Memorandum of Law in Support. . Document
Holding that "where the denial of a stay pending appeal risks mooting any appeal of significant claims of error, the irreparable harm requirement is satisfied"
Holding that the Buyers in that case who had “put in $17.5 billion into this estate, and agreed to rework their agreements to take the Debtors' assets in a section 363 sale, when creditor feuding made it impossible to confirm the reorganization plan that the Buyers originally bargained for had provided substantial consideration”
Finding "no principled reason" why the doctrine of equitable mootness should not also apply in Chapter 11 liquidation proceedings where "substantial interests may counsel in favor of preventing tardy disruption of a duly developed, confirmed, and substantially consummated plan"
203 B.R. 182 (B.A.P. 2nd Cir. 1996) Cited 51 times
Finding that irreparable injury would amount from the failure to stay a foreclosure sale of a single property encumbered by a mortgage, which was the sole security to the creditor's promissory note
Authorizing stay requests to the district court assuming such relief was first requested of the bankruptcy court or a request to the bankruptcy court would be impractical