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In re Gunnison Center Apartments, LP
Citation:320 B.R. 391 (Bankr. D. Colo. 2005)
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- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
On October 21, 2004, Gunnison Center Apartments, Inc. filed for bankruptcy relief. The debtor is a limited partnership comprised of several former mechanic’s lienholders, which hwas formed to foreclose on an 87-unit, five building apartment complex located in Gunnison, Colorado after the developer failed to pay for material and service costs. The property is subject to a deed of trust note, security agreement, and deed of trust. The debtor has not made any payments to the holder of the note since August 26, 2003, and is currently in default.
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