Matter of Borne Chemical Co., Inc.
United States Bankruptcy Court, D. New Jersey
1Opinion of the Court
OPINION
D. JOSEPH DeVITO, Bankruptcy Judge.
At a hearing held on December 13, 1983, the Court considered the application of the debtor, Borne Chemical Company, Inc., seeking approval of two agreements authorizing the debtor to sell two parcels of real property, one to Bruncor Corp. for the sum of $425,000 — the other to Valley Forge Engineering Co. for $100.00. At the conclusion of the hearing and upon its finding that it was in the best interests of the estate, the Court approved the agreements which had, in fact, been executed on November 30, 1983. Borne is in the process of liquidating all…
2Cases cited19 opinions
- Hines v. DavidowitzSupreme Court of the United States · 1941
- Rice v. Santa Fe Elevator Corp.Supreme Court of the United States · 1947
- Florida Lime & Avocado Growers, Inc. v. PaulSupreme Court of the United States · 1963
- Fidelity Federal Savings & Loan Ass'n v. De La CuestaSupreme Court of the United States · 1982
- Jones v. Rath Packing Co.Supreme Court of the United States · 1977
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- Wilkerson v. CO Porter MacHinery Co.New Jersey Superior Court Appellate Division · 1989
- Watts v. Pennsylvania Housing Finance Co. (In Re Watts)United States Bankruptcy Court, E.D. Pennsylvania · 1987
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