Legal Opinion
Gibbons v. Stemcor USA, Inc. (In Re B.S. Livingston & Co.)
District Court, D. New Jersey
Decided August 23, 1995No. Civ. A. No. 94-3535 (MTB). Bankruptcy No. 92-20480G. Adv. No. 93-2301PublishedCited by 20 opinions
1Opinion of the Court
BARRY, District Judge.
At the heart of this adversary complaint is a very substantial allegation that the former principals of the debtor corporation orchestrated a blatant fraudulent conveyance several months prior to the filing of a bankruptcy petition. As a result, the complaint alleges, several banks, who were secured creditors to the tune of millions of dollars, were left with little more than the empty husk of the debtor from which to recoup their losses.
I. STATEMENT OF FACTS
B.S. Livingston & Co., Inc., the debtor, was a steel trading middleman business. Alfred Schnog, Anita Schnog and…
2Cases cited68 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- In Re Pacor, Inc. v. John Higgins, Jr. And Louise HigginsCourt of Appeals for the Third Circuit · 1984
- Patterson v. ShumateSupreme Court of the United States · 1992
- Printing Mart-Morristown v. Sharp Electronics Corp.Supreme Court of New Jersey · 1989
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
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3Cited by20 opinions
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- In Re Nat. Century Fin. Enterpr., Inc., Inv. Lit.District Court, S.D. Ohio · 2004
- Monarch Capital Corp. v. Bath (In Re Bath)United States Bankruptcy Court, E.D. Pennsylvania · 2010
- In Re StranoUnited States Bankruptcy Court, D. New Jersey · 2000
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