Legal Opinion
In re Packaging Systems, LLC
United States Bankruptcy Court, D. New Jersey
Decided September 30, 2016No. Case No. 12-18864Published
1Opinion of the Court
LETTER DECISION
Objection to Trustee’s Final Report of No Distribution and Motion for Al-lowance and Payment of Priority Claim
Hon. Christine M. Gravelle, United States Bankruptcy Judge
Dear Litigants:
I. Introduction
Packaging Systems, LLC (“Debtor”) en-tered into a factoring and security agreement with Haborcove Financial, LLC (“Harborcove”), which provided for the sale of Debtor’s accounts receivable to Ha-borcove. Debtor then filed for protection under Chapter 11 of the Code and ob-tained an order authorizing it to assume the prepetition factoring agreements with Harborcove (the “Order”). The…
2Cases cited8 opinions
- In Re Codesco, Inc.United States Bankruptcy Court, S.D. New York · 1982
- Ricky Wayne Bracewell v. Walter W. KelleyCourt of Appeals for the Eleventh Circuit · 2006
- In Re Energy Cooperative, Inc.United States Bankruptcy Court, N.D. Illinois · 1985
- Citibank, N.A. v. Transamerica Commercial Finance Corp. (In Re Sun Runner Marine, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1991
- Vafer Investment Group, L.L.C. v. Case (In Re Visionaire Corp.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2003
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