In Re Communication Dynamics, Inc.
United States Bankruptcy Court, D. Delaware
1Opinion of the Court
OPINION 1
MARY F. WALRATH, Chief Judge.
Before the Court is the Motion for Relief from Automatic Stay filed by Thomas & Betts Corporation (“T & B”) seeking authority to setoff or recoup sales credits due to Communication Dynamics, Inc. (“the Debtor”) against an account receivable due to T & B by the Debtor. For the reasons set forth below, the Motion will be granted.
I. BACKGROUND
On February 20, 2001, T & B and the Debtor entered into an agreement (“the Agreement”) pursuant to which the Debtor agreed to distribute communication equipment for T & B. Under the Agreement, T & B established standard…
2Cases cited10 opinions
- Lee v. SchweikerCourt of Appeals for the Third Circuit · 1984
- In Re B & L Oil Company, Debtor, Ashland Petroleum Company v. Garry R. Appel, Trustee for B & L Oil CompanyCourt of Appeals for the Tenth Circuit · 1986
- Nation-Wide Check Corporation, Inc. v. Forest Hills Distributors, Inc., Nation-Wide Check Corporation, Inc. v. Forest Hills Distributors, Inc.Court of Appeals for the First Circuit · 1982
- In the Matter of Alden D. Holford, Debtor. Alden D. Holford v. Melvin Lane Powers A/K/A Mel Powers and Mel Powers D/B/A Mel Powers Investment BuilderCourt of Appeals for the Fifth Circuit · 1990
- In Re Luisa V. AnesCourt of Appeals for the Third Circuit · 1999
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- In re Sivec SRLUnited States Bankruptcy Court, E.D. Oklahoma · 2012
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