Legal Opinion
In Re Cross Baking Co., Inc., Debtor. New Hampshire Business Development Corporation v. Cross Baking Company, Inc.
Court of Appeals for the First Circuit
Decided May 18, 1987No. 86-2038PublishedCited by 41 opinions
1Opinion of the Court
COFFIN, Circuit Judge.
This case presents an issue of first impression in this circuit concerning the effect of section 552(b) of the Bankruptcy Code on the rights of a secured creditor holding a floating lien on a debtor’s accounts receivable. Specifically, we must determine whether a secured, lender, who permits a borrower to use cash collateral during reorganization without formally protecting its security interest, is entitled to any portion of the post-petition receivables collected upon liquidation. Both the bankruptcy court and the district court ruled that section 552(b) provides no…
2Cases cited6 opinions
- Citizens Fidelity Bank & Trust Co. v. All-Brite Sign Service Co. (In Re All-Brite Sign Service Co.)United States Bankruptcy Court, W.D. Kentucky · 1981
- First National Bank of Lafayette v. Texas Tri-Collar, Inc. (In Re Texas Tri-Collar, Inc.)United States Bankruptcy Court, W.D. Louisiana · 1983
- Bezanson v. Indian Head National Bank (In Re J.L. Graphics, Inc.)United States Bankruptcy Court, D. New Hampshire · 1986
- In Re Trans-Texas Petroleum Corp.United States Bankruptcy Court, N.D. Texas · 1983
- Florida National Bank of Miami v. Havee (In re S & Z International Management, Inc.)United States Bankruptcy Court, S.D. Florida. · 1981
1 more not listed; retrieve them via the Exa API.
3Cited by41 opinions
- In Re Copy Crafters Quickprint, Inc.United States Bankruptcy Court, N.D. New York · 1988
- In Re RancourtUnited States Bankruptcy Court, D. New Hampshire · 1991
- Sapir v. C.P.Q. Colorchrome Corp. (In re Photo Promotion Associates, Inc.)Court of Appeals for the Second Circuit · 1989
- In Re Cantonwood Associates Ltd. PartnershipUnited States Bankruptcy Court, D. Massachusetts · 1992
- Arkison v. Frontier Asset Management, LLC (In Re Skagit Pacific Corp.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2004
36 more not listed; retrieve them via the Exa API.