Superpumper, Inc. v. Nerland Oil, Inc. (In Re Nerland Oil, Inc.)
United States Bankruptcy Court, D. North Dakota
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
WILLIAM A. HILL, Bankruptcy Judge.
By the complaint filed April 20, 2000, Superpumper, Inc. (“Superpumper”) seeks to setoff its debt to Debtor Nerland Oil, Inc. (“Nerland Oil”) under a promissory note dated June 29, 1995, against a debt for unpaid credit card receivables that Nerland Oil owes Superpumper. As of October 31, 1996, Superpumper owed Nerland Oil $359,790.18 under the promissory note, and Nerland Oil owed Superpumper $348,856.26 for unpaid credit card receivables. This issue was at the heart of a state court arbitration decision awarding setoff of the…
2Cases cited18 opinions
- Alexander v. Gardner-Denver Co.Supreme Court of the United States · 1974
- Aquilino v. United StatesSupreme Court of the United States · 1960
- Citizens Bank of Md. v. StrumpfSupreme Court of the United States · 1995
- Glass City Bank v. United StatesSupreme Court of the United States · 1945
- United States Ex Rel. Internal Revenue Service v. McDermottSupreme Court of the United States · 1993
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3Cited by2 opinions
- In Re Nerland Oil, Inc. Superpumper, Inc., Claimant-Appellant v. Nerland Oil, Inc., Debtor-Appellee. United States of America Through the Internal Revenue Service, Creditor-AppelleeCourt of Appeals for the Eighth Circuit · 2002
- Superpumper, Inc. v. Nerland Oil, Inc.Court of Appeals for the Eighth Circuit · 2002