Legal Opinion
De'Medici Ex Rel. Lifschultz Fast Freight Corp. v. Salson Express Co. (In Re Lifschultz Fast Freight)
District Court, N.D. Illinois
Decided January 19, 1996No. 95 C 3528PublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HART, District Judge.
This is an appeal from a decision of the bankruptcy court denying a trustee’s adversary claim for equitable subordination of a creditor’s $300,000 secured claim against debtor Lifschultz Fast Freight Corp. The trustee claims that the principals of the creditor, Salson Express Company (“Salson”) are insiders who formed the debtor with insufficient equity capital. This court has jurisdiction over this appeal pursuant to 28 U.S.C. § 158(a)(1).
The bankruptcy court found that the debt- or was adequately capitalized. Payments by the debtor of sums…
2Cases cited10 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- Brooke Group Ltd. v. Brown & Williamson Tobacco Corp.Supreme Court of the United States · 1993
- Mid-State Fertilizer Co., Lasley Kimmel, and Maxine Kimmel v. Exchange National Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1989
- In the Matter of Robert Sheridan, Debtor-Appellee. Appeal of City National Bank of FloridaCourt of Appeals for the Seventh Circuit · 1995
- Mary J. Carr v. Allison Gas Turbine Division, General Motors CorporationCourt of Appeals for the Seventh Circuit · 1994
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3Cited by7 opinions
- In re Lifschultz Fast FreightCourt of Appeals for the Seventh Circuit · 1997
- Herzog v. Leighton Holdings, Ltd. (In Re Kids Creek Partners, L.P.)United States Bankruptcy Court, N.D. Illinois · 1997
- In the Matter Of: Lifschultz Fast Freight, Doing Business as Lifschultz Fast Freight Corporation, Debtor. Appeal Of: Salson Express Company, IncorporatedCourt of Appeals for the Seventh Circuit · 1997
- Herzog v. Leighton Holdings, Ltd. (In Re Kids Creek Partners, L.P.)United States Bankruptcy Court, N.D. Illinois · 1996
- Drake v. Franklin Equipment Co. (In Re Franklin Equipment Co.)United States Bankruptcy Court, E.D. Virginia · 2009
2 more not listed; retrieve them via the Exa API.