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INTERNATIONAL HOME PRODUCTS v. FIRST BANK OF PR

Civil Nos. 12-1515 (FAB), 12-2026 (FAB).

495 B.R. 152 (2013)

INTERNATIONAL HOME PRODUCTS, INC., Appellant-Debtor, v. FIRST BANK OF PUERTO RICO, INC., Appellee, Creditor.

United States District Court, D. Puerto Rico.

July 1, 2013.

Attorney(s) appearing for the Case

Carmen D. Conde-Torres, Luisa S. Valle-Castro, C. Conde & Mirandes, Monsita Lecaroz-Arribas, U.S. Trustee Office, San Juan, PR, for Appellant-Debtor.

Angel Sosa-Baez, Jane P. Van Kirk, Linette Figueroa-Torres, Manuel Fernandez-Bared, Toro, Colon, Mullet, Rivera & Sifre, PSC, San Juan, PR, for Appellee, Creditor.

MEMORANDUM AND ORDER

FRANCISCO A. BESOSA, District Judge.

Before the Court are the bankruptcy appeals of Civil Cases Nos. 12-1515 and 12-2026.1

I. BACKGROUND

A. Factual History

The Court draws the following relevant facts from the bankruptcy court's order dated May 15, 2012, (Docket No. 1-4 at pp. 58-62):

On January 16, 2001, First Bank of Puerto Rico, Inc. ("First Bank"), Health Distillers...

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