Legal Opinion
Elscint, Inc. v. First Wisconsin Financial Corp.
Court of Appeals for the Seventh Circuit
Decided February 26, 1987No. 86-2084PublishedCited by 62 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Both Elscint, Inc., and First Wisconsin Financial Corp. had security interests in receivables of Xonics Medical Systems, Inc., one of a group of related corporations. Elscint acted as collection agent for itself *129and First Wisconsin, paying over funds attributable to the accounts in which First Wisconsin had an interest. After the Xonics group filed petitions in bankruptcy, Elscint asked the bankruptcy court to appoint the U.S. Trustee as an escrow agent to hold the proceeds. The court did so, but after four months the Trustee asked to be relieved of the duty. In…
2Cases cited19 opinions
- Owen Equipment & Erection Co. v. KrogerSupreme Court of the United States · 1978
- In Re Pacor, Inc. v. John Higgins, Jr. And Louise HigginsCourt of Appeals for the Third Circuit · 1984
- Matter of Cash Currency Exchange, Inc., Debtors. Cash Currency Exchange, Inc. v. Donald C. Shine, ReceiverCourt of Appeals for the Seventh Circuit · 1985
- Larry McCall Cross-Appellant v. Gayle Franzen, Cross-AppelleesCourt of Appeals for the Seventh Circuit · 1985
- Fox v. Capital Co.Supreme Court of the United States · 1936
14 more not listed; retrieve them via the Exa API.
3Cited by62 opinions
- 17 Collier bankr.cas.2d 230, Bankr. L. Rep. P 71,695 in the Matter of Xonics, Inc., Debtors. Elscint, Inc., and Elscint Imaging, Inc. v. First Wisconsin Financial CorporationCourt of Appeals for the First Circuit · 1987
- Alert Holdings, Inc. v. Interstate Protective Services, Inc. (In Re Alert Holdings Inc.)United States Bankruptcy Court, S.D. New York · 1992
- Federalpha Steel LLC Creditors' Trust v. Federal Pipe & Steel Corp. (In Re Federalpha Steel LLC)United States Bankruptcy Court, N.D. Illinois · 2006
- Gibbons v. Stemcor USA, Inc. (In Re B.S. Livingston & Co.)District Court, D. New Jersey · 1995
- Grochocinski v. LaSalle Bank National Ass'n (In Re K & R Express Systems, Inc.)District Court, N.D. Illinois · 2007
57 more not listed; retrieve them via the Exa API.