Legal Opinion
Inland Credit Corp. v. M/T Bow Egret
Court of Appeals for the Fifth Circuit
Decided May 27, 1977No. 74-3195PublishedCited by 40 opinions
1Opinion of the Court
TUTTLE, Circuit Judge:
The economic travails of the M/T Bow Egret now compel this Court to review the trial court’s effort to perform the familiar judicial task of dividing the limited resources of a debtor among competing creditors. The Bow Egret’s journey began with its purchase by the Bow Egret Tanker Corporation (hereinafter Tanker Corporation). Tanker Corporation obtained the funds for the purchase by giving a preferred ship mortgage for $600,000 to Inland Credit Corporation. At first, Tanker Corporation doubtless had high hopes of financial success from a charter to carry grain to India.…
2Cases cited15 opinions
- International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
- Milliken v. MeyerSupreme Court of the United States · 1941
- Swift & Co. Packers v. Compania Colombiana Del Caribe, S. A.Supreme Court of the United States · 1950
- Adam v. SaengerSupreme Court of the United States · 1938
- Baltimore & Ohio Railroad v. United StatesSupreme Court of the United States · 1929
10 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- United States v. Four Parcels of Real Property in Greene and Tuscaloosa Counties in the State of AlabamaCourt of Appeals for the Eleventh Circuit · 1991
- United States v. An Article of Drug Consisting of 4,680 Pails, More or Less, Each Pail Containing 60 Packets, Etc., Pfizer, Inc., Claimant-AppellantCourt of Appeals for the Fifth Circuit · 1984
- United States v. $95,945.18, United States Currency, Appeal of Carlton Lee BaxterCourt of Appeals for the Fourth Circuit · 1990
- United States v. One Lear Jet Aircraft, Serial No. 35a-280, Registration No. Yn-Bvo, Leybda Corp., Claimant-AppellantCourt of Appeals for the Eleventh Circuit · 1988
- Julien Andre Sasportes v. M/v Sol De Copacabana, Her Engines Etc. And Navexport, S.A., Banco De Credito Industrial, S.A., Star-Kist Foods, Inc., a Foreign Corp. v. M/v Sol De Copacabana, Her Engines, Tackle, Boilers Appurtenances, Etc., Banco De Credito Industrial, S.A., Banco De Credito Industrial, S.A. v. M/v Sol De Copacabana, Her Engines, Tackle, Etc. And Navexport, S.A.Court of Appeals for the Fifth Circuit · 1978
35 more not listed; retrieve them via the Exa API.