Legal Opinion
In re Acme Motors, Inc.
District Court, D. Rhode Island
Decided December 29, 1986No. Bankruptcy No. 860090Published
1Opinion of the Court
ARTHUR N. YOTOLATO, Jr., Bankruptcy Judge.
Submitted on exhibits and memoranda, on the motion of CIT Financial Services Corp. (CIT) for relief from stay, and for a ruling that it has a perfected purchase money security interest. in the proceeds from the sale of certain equipment of Acme Motors, the debtor. The motion is opposed by William Gabrilowitz and Irving Gabri-lowitz, temporary operating officers and former principals of the debtor, who argue that CIT’s security interest is invalid because it was not properly perfected.1 The equipment has been sold, and $12,000 is being held in escrow…
2Cases cited7 opinions
- In the Matter of Automated Bookbinding Services, Inc., Bankrupt. Finance Company of America v. Hans Mueller CorporationCourt of Appeals for the Fourth Circuit · 1972
- Rainier National Bank v. Inland MacHinery Co.Court of Appeals of Washington · 1981
- Commerce Union Bank v. John Deere Indus. Equipment Co.Supreme Court of Alabama · 1980
- Noble Company v. Mack Financial CorporationSupreme Court of Rhode Island · 1970
- In the Matter of Ultra Precision Industries, Inc., a California Corporation, Bankrupt (Two Cases). National Acceptance Company of California v. Community Bank, National Acceptance Company of California v. Wolf MacHinery CompanyCourt of Appeals for the Ninth Circuit · 1974
2 more not listed; retrieve them via the Exa API.