Iberiabank v. Bradford Geisen, et al
Case Number:
14-11473
Court:
Nature of Suit:
3422 Bankruptcy Appeals Rule 28 USC 158
Companies
Sectors & Industries:
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January 23, 2015
11th Circ. Upholds Release For FFS Owner In Ch. 11 Plan
The Eleventh Circuit on Friday upheld a lower court's decision that IberiaBank Corp.'s claim against the owner of foreclosure listing company FFS Data Inc. over a $10.6 million loan was released by its Chapter 11 plan, ruling the bankruptcy court correctly denied the bank's bid to negate the release.
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November 18, 2014
IberiaBank Fights Ch. 11 Release Of Claims Over $10M Loan
IberiaBank Corp. on Tuesday asked the Eleventh Circuit to reinstate its suit over a $10 million real estate loan against the owner of formerly bankrupt FFS Data Inc., arguing that the releases in the company's reorganization plan do not extend to the owner's personal guaranty of the loan.