Colonial management liquidating corporation fl


24-Jan-2018 13:23

The offering consists of a 6,000± SF, five bedroom, six bathroom custom built luxury home constructed in 2014. The offering consists of the following two contiguous tax lots: (Parcel 1): 2-Story, 1,598± SF handyman special house on 5± Acres of land. Great Opportunity for First Time Home Buyer, Minor Fix & Flip or Rent Out for Income! SALE SHALL BE AUTHORIZED AND CONFIRMED BY AN ORDER FROM THE UNITED STATE BANKRUPTCY COURT. Flexible Packaging Production Machinery & Equipment including Gloucester, Egan, GEC, Extruders, Bag Machines, Turret Winders, Post Gusseter, Air Rings, Dies, V Folders, Color Press, Grinder, Treaters, Vacuum Loader, Power Supply, Blower, Hydraulic Press, Separator, Air Dryer, Bag Fillers, Chiller, Reclaim Line, Air Compressor, Silos and more. A description of the permits/licenses used to operate the current Transfer Station is accessible through the downloadable file titled "Description of Licenses".

The property sits on 1.2± acres of land in the exclusive community of Diamond Hill Estates in East Brunswick, New Jersey. (Parcel 2): 42± Acres of farm land including 19 tillable acres and 22 acres of wooded land. 4 Coffee Shops in Proven Prime Manhattan Locations. If Buyer is interested, current Permit/License holder is willing to work out an arrangement with Buyer.

Freddie Mac, in connection with its purchase of more than 6,000 of these loans, delivered over

The offering consists of a 6,000± SF, five bedroom, six bathroom custom built luxury home constructed in 2014. The offering consists of the following two contiguous tax lots: (Parcel 1): 2-Story, 1,598± SF handyman special house on 5± Acres of land. Great Opportunity for First Time Home Buyer, Minor Fix & Flip or Rent Out for Income! SALE SHALL BE AUTHORIZED AND CONFIRMED BY AN ORDER FROM THE UNITED STATE BANKRUPTCY COURT. Flexible Packaging Production Machinery & Equipment including Gloucester, Egan, GEC, Extruders, Bag Machines, Turret Winders, Post Gusseter, Air Rings, Dies, V Folders, Color Press, Grinder, Treaters, Vacuum Loader, Power Supply, Blower, Hydraulic Press, Separator, Air Dryer, Bag Fillers, Chiller, Reclaim Line, Air Compressor, Silos and more. A description of the permits/licenses used to operate the current Transfer Station is accessible through the downloadable file titled "Description of Licenses".The property sits on 1.2± acres of land in the exclusive community of Diamond Hill Estates in East Brunswick, New Jersey. (Parcel 2): 42± Acres of farm land including 19 tillable acres and 22 acres of wooded land. 4 Coffee Shops in Proven Prime Manhattan Locations. If Buyer is interested, current Permit/License holder is willing to work out an arrangement with Buyer.Freddie Mac, in connection with its purchase of more than 6,000 of these loans, delivered over $1 billion in loan proceeds to Colonial. No language in § 1821(j) so limits the breadth of its jurisdictional bar or the “powers and functions” of the FDIC. Its claim is one that can and should be pursued through the administrative claims process. Accordingly, if Bank of America's claim to the disputed items is as clear as its assertions indicate, it is probable that its claim will be honored in the administrative claims process; if not, Bank of America has its statutory right to de novo review in federal district court.

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The offering consists of a 6,000± SF, five bedroom, six bathroom custom built luxury home constructed in 2014. The offering consists of the following two contiguous tax lots: (Parcel 1): 2-Story, 1,598± SF handyman special house on 5± Acres of land. Great Opportunity for First Time Home Buyer, Minor Fix & Flip or Rent Out for Income! SALE SHALL BE AUTHORIZED AND CONFIRMED BY AN ORDER FROM THE UNITED STATE BANKRUPTCY COURT. Flexible Packaging Production Machinery & Equipment including Gloucester, Egan, GEC, Extruders, Bag Machines, Turret Winders, Post Gusseter, Air Rings, Dies, V Folders, Color Press, Grinder, Treaters, Vacuum Loader, Power Supply, Blower, Hydraulic Press, Separator, Air Dryer, Bag Fillers, Chiller, Reclaim Line, Air Compressor, Silos and more. A description of the permits/licenses used to operate the current Transfer Station is accessible through the downloadable file titled "Description of Licenses".

The property sits on 1.2± acres of land in the exclusive community of Diamond Hill Estates in East Brunswick, New Jersey. (Parcel 2): 42± Acres of farm land including 19 tillable acres and 22 acres of wooded land. 4 Coffee Shops in Proven Prime Manhattan Locations. If Buyer is interested, current Permit/License holder is willing to work out an arrangement with Buyer.

Freddie Mac, in connection with its purchase of more than 6,000 of these loans, delivered over $1 billion in loan proceeds to Colonial. No language in § 1821(j) so limits the breadth of its jurisdictional bar or the “powers and functions” of the FDIC. Its claim is one that can and should be pursued through the administrative claims process. Accordingly, if Bank of America's claim to the disputed items is as clear as its assertions indicate, it is probable that its claim will be honored in the administrative claims process; if not, Bank of America has its statutory right to de novo review in federal district court.

In early August 2009, with the news of Colonial's demise spreading, Bank of America requested that Colonial return the loans and loan proceeds. Section 1821(j) of FIRREA provides in relevant part:no court may take any action ․ to restrain or affect the exercise of powers or functions of the [FDIC] as a conservator or a receiver.12 U. To the contrary, at least one subsection expressly includes non-owned custodial assets associated with trust business among the FDIC's powers and functions as receiver.

billion in loan proceeds to Colonial. No language in § 1821(j) so limits the breadth of its jurisdictional bar or the “powers and functions” of the FDIC. Its claim is one that can and should be pursued through the administrative claims process. Accordingly, if Bank of America's claim to the disputed items is as clear as its assertions indicate, it is probable that its claim will be honored in the administrative claims process; if not, Bank of America has its statutory right to de novo review in federal district court.

In early August 2009, with the news of Colonial's demise spreading, Bank of America requested that Colonial return the loans and loan proceeds. Section 1821(j) of FIRREA provides in relevant part:no court may take any action ․ to restrain or affect the exercise of powers or functions of the [FDIC] as a conservator or a receiver.12 U. To the contrary, at least one subsection expressly includes non-owned custodial assets associated with trust business among the FDIC's powers and functions as receiver.

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The FDIC argues that the anti-injunction provision of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (“FIRREA”), 12 U. Because we conclude that the FDIC's proposed actions with respect to the loans and loan proceeds at issue fall squarely within its statutory receivership powers and functions, we hold that 12 U. Accordingly, we vacate the district court's order and remand with instructions to dismiss Bank of America's motion for a preliminary injunction for lack of jurisdiction. FACTS AND PROCEDURAL HISTORYThe loans and loan proceeds at issue in this case originated from a series of June 2008 agreements between La Salle Bank N. (“La Salle”), Ocala Funding, LLC (“Ocala”), and Taylor, Bean & Whitaker Mortgage Corp. La Salle, representing certain secured parties as their custodian and collateral agent, provided capital for Ocala to purchase various mortgage notes originated and serviced by Taylor Bean for the benefit of the secured parties. Further, under § 1821(d)(2)(J)(i), the FDIC also enjoys “such incidental powers” as shall be necessary to carry out those powers expressly granted by statute. Congress contemplated the reality that the FDIC may err in its determination of receivership claims and provided all claimants with the remedy of de novo review in federal court of the FDIC's claims determination. There can also be no question that the district court would “restrain or affect” the exercise of these powers or functions by enjoining the FDIC from “selling, pledging, assigning, liquidating, encumbering, transferring, or otherwise disposing of all or any portion of the loans and loan proceeds related to the Ocala loans.” Under this broad injunction, the FDIC is left solely to possess the loans, unable to exercise the congressional mandate that it “shall pay all valid obligations” of the failed bank, 12 U. In essence, injunctive relief, like that issued here, violates the heart of what is commonly termed FIRREA's “anti-injunction provision.” See, e.g., Hindes v. FDIC, 126 F.3d 1147, 1154 (9th Cir.1997); Elmco Props., Inc. Even assuming arguendo that the nature of the assets at issue is purely custodial and that title to the loans and their proceeds never transferred to Colonial, § 1821(j) would still clearly bar judicial restraint of the FDIC as long as it acts in its receivership capacity. To the extent that these two lower court cases support the broad “non-owned assets” exception advanced by Bank of America, we do not find them persuasive. Bank of America's only argument that the administrative claims process is inapplicable to its claim is a conclusory assertion that the loans and their proceeds are contained in special accounts and that special accounts are not subject to the administrative claims process. Cir.1995) (claims by debtors of a failed bank alleging the fraudulent restructuring of their home mortgage loan are subject to the administrative claims process); Bueford v.

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