Legal Opinion
In Re Media Central, Inc.
United States Bankruptcy Court, E.D. Tennessee
Decided April 4, 1990No. Bankruptcy 1-87-01483PublishedCited by 17 opinions
1Opinion of the Court
MEMORANDUM
JOHN C. COOK, Bankruptcy Judge.
The issue presented in this case is whether postpetition contracts entered into between the debtor and its management team that provided one year severance pay benefits to management team employees were transactions or the incurring of debt in the ordinary course of debtor’s business which did not require notice and hearing or court authorization.
I
On February 20, 1990, the debtor filed a motion for approval of payments pursuant to two postpetition contracts entered into between the debtor and two of its management employees, Donald Kent and Clifford…
2Cases cited5 opinions
- In Re Dant & Russell, Inc., Debtors. Burlington Northern Railroad Company, Creditor-Appellant v. Dant & Russell, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1988
- Committee of Asbestos-Related Litigants and/or Creditors v. Johns-Manville Corp. (In Re Johns-Manville Corp.)United States Bankruptcy Court, S.D. New York · 1986
- Armstrong World Industries, Inc. v. James A. Phillips, Inc. (In Re James A. Phillips, Inc.)District Court, S.D. New York · 1983
- Johnston v. First Street Companies (In Re Waterfront Companies, Inc.)United States Bankruptcy Court, D. Minnesota · 1985
- Matter of Century Brass Products, Inc.United States Bankruptcy Court, D. Connecticut · 1989
3Cited by17 opinions
- In Re Straightline Investments, Inc.Court of Appeals for the Ninth Circuit · 2008
- Moore v. Manson (In Re Springfield Furniture, Inc.)United States Bankruptcy Court, E.D. Virginia · 1992
- In re Patriot Place, Ltd.United States Bankruptcy Court, W.D. Texas · 2013
- Medical Malpractice Insurance Ass'n v. Hirsch (In Re Lavigne)United States Bankruptcy Court, S.D. New York · 1995
- Martino v. First National Bank in Harvey (In Re Garofalo's Finer Foods, Inc.)United States Bankruptcy Court, N.D. Illinois · 1994
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