Legal Opinion
In Re Continental Air Lines, Inc., Debtor. The Institutional Creditors of Continental Air Lines, Inc. v. Continental Air Lines, Inc.
Court of Appeals for the Fifth Circuit
Decided January 21, 1986No. 85-2194PublishedCited by 86 opinions
1Opinion of the Court
GEE, Circuit Judge.
The issue in this case is how far a debtor-in-possession can stretch the bankruptcy laws to undertake transactions outside a plan of reorganization. The district court did not consider whether the proposed transactions would effect an end run around the protection granted creditors in Chapter 11 of the Bankruptcy Code. For this reason, we vacate the district court order that affirmed the bankruptcy court decision authorizing the debtor to proceed with lease negotiations and remand for further consideration.
FACTS
Appellee, Continental Air Lines, Inc. (“CAL”), filed a…
2Cases cited6 opinions
- In Re Braniff Airways, Inc.Court of Appeals for the Fifth Circuit · 1983
- Matter of Baldwin United Corp.United States Bankruptcy Court, S.D. Ohio · 1984
- Schachter v. Huckert (In Re Lotta Water Land Co.)United States Bankruptcy Court, N.D. Texas · 1982
- In Re AllisonUnited States Bankruptcy Court, D. New Mexico · 1984
- City National Bank of Miami v. Sunrise Club, Inc. (In Re Sundale Associates, Ltd.)United States Bankruptcy Court, S.D. Florida. · 1982
1 more not listed; retrieve them via the Exa API.
3Cited by86 opinions
- In re First South Savings Ass'nCourt of Appeals for the Fifth Circuit · 1987
- Cadle Co. v. Mims (In Re Moore)Court of Appeals for the Fifth Circuit · 2010
- Continental Air Lines, Inc. v. Hillblom (In Re Continental Air Lines, Inc.)District Court, S.D. Texas · 1986
- In Re LileUnited States Bankruptcy Court, S.D. Texas · 1989
- In Re Timbers Of Inwood Forest Associates, Ltd.Court of Appeals for the Fifth Circuit · 1986
81 more not listed; retrieve them via the Exa API.