Legal Opinion
James R. Fitzpatrick, as Trustee of A. W. Sikking Co., Bankrupt v. Philco Finance Corp.
Court of Appeals for the Seventh Circuit
Decided February 21, 1974No. 73-1161PublishedCited by 50 opinions
1Opinion of the Court
SPRECHER, Circuit Judge.
This appeal concerns the right to proceeds from secured collateral following the debtor’s bankruptcy.
Prior to 1969, A. W. Sikking Co. was a large and established appliance store in Springfield, Illinois. For some years Sikking had financed its purchase of Philco appliances through an agreement with Philco Finance Corp. Pursuant to that agreement, Philco had properly filed financing statements showing its secured interest in the appliances and in the proceeds of the collateral. As soon as Sikking sold an applicance, it was obligated under the agreement to pay the amount…
2Cases cited3 opinions
- Grain Merchants of Indiana, Inc., Bankrupts, Mark L. France, Trustee v. Union Bank and Savings Company, Bellevue, OhioCourt of Appeals for the Seventh Circuit · 1969
- Rea v. Ford Motor CompanyDistrict Court, W.D. Pennsylvania · 1973
- Janina Pietrucha, Individually, and as Administratrix of the Estate of Albert Pietrucha, Deceased v. Grant Hospital, a CorporationCourt of Appeals for the Seventh Circuit · 1971
3Cited by50 opinions
- Gold Coast Seed Co. v. Spokane Seed Co. (In Re Gold Coast Seed Co.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983
- E. Penn Nicholson, Trustee for the Estate of Carolee's Combine, Inc. v. First Investment Company and Bill BeltzerCourt of Appeals for the First Circuit · 1983
- Brown & Williamson Tobacco Corp. v. First National Bank of Blue Island, a National Banking AssociationCourt of Appeals for the First Circuit · 1974
- Itule v. Luhr Jensen & Sons, Inc. (In Re Sportsco, Inc.)United States Bankruptcy Court, D. Arizona · 1981
- Remes v. Acme Carton Corp. (In Re Fasano/Harriss Pie Co.)United States Bankruptcy Court, W.D. Michigan · 1984
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