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... PNY failed to make some of the tax payments. In 1994, PNY filed for bankruptcy. In 1998, through
the bankruptcy proceedings, Seasons Investment Corporation (SIC) purchased for $9.1 million
the hotel and PNY's right to reacquire from Shinnihon the Remainder Property. ...
... Unicor then sought protection under the Bankruptcy Code. Plaintiff EMC Mortgage Corporation
(EMC) purchased the Chaudhris' mortgage at a bankruptcy sale. EMC received an assignment
of the mortgage and proceeded on Unicor's behalf to prosecute the foreclosure action. ...
... On April 1, 2004, after the final judgment of foreclosure was entered but before title, possession
and ejectment were sought, defendant sought protection from her creditors pursuant to Chapter
XIII of the United States Bankruptcy Code,  11 USC Â§Â§ 1301-1330, a step that ...
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