Legal Opinion

In the Matter of Investors Funding Corp. Of New York, Ifc Collateral Corp., Debtors. Jaytee-Penndel Co. v. James Bloor, Reorganization Trustee

Court of Appeals for the Second Circuit

Decided December 15, 1976No. 104, Docket 76-5019PublishedCited by 22 opinions

1Opinion of the Court

OAKES, Circuit Judge:

On November 1, 1974, appellee James Bloor was appointed reorganization trustee of IFC Collateral Corp. (IFC), its parent, Investors Funding Corp. of New York, and 32 other subsidiaries of the parent, under Chapter X of the Bankruptcy Act, 11 U.S.C. § 501 et seq., pursuant to petitions filed in the United States District Court for the Southern District of New York on October 21 and 30, 1974. From that time to this he has carried on the debtors’ businesses.

One asset of IFC taken over by the trustee was a “wraparound” mortgage on an apartment complex in Pennsylvania owned by…

2Cases cited14 opinions

  1. Baker v. Gold Seal Liquors, Inc.Supreme Court of the United States · 1974
  2. In Re Fidelity Mortgage Investors, Debtor. Fidelity Mortgage Investors, Applicant-Appellee v. Camelia Builders, Inc.Court of Appeals for the Second Circuit · 1977
  3. Cline v. KaplanSupreme Court of the United States · 1944
  4. Thompson v. Texas Mexican Railway Co.Supreme Court of the United States · 1946
  5. Ex Parte BaldwinSupreme Court of the United States · 1934

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3Cited by22 opinions

  1. LTV Steel Co. v. Board of Education of the Cleveland City School District (In Re Chateaugay Corp., Reomar, Inc.)District Court, S.D. New York · 1988
  2. Litton Systems, Inc. v. Frigitemp Corp. (In Re Frigitemp Corp.)District Court, S.D. New York · 1981
  3. Garrity v. Leffler (In Re Neuman)District Court, S.D. New York · 1987
  4. In re Chicago Pacific Corp.Court of Appeals for the Seventh Circuit · 1985
  5. Baptist Medical Center v. Singh (In Re Baptist Medical Center)United States Bankruptcy Court, E.D. New York · 1987

17 more not listed; retrieve them via the Exa API.

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