Legal Opinion

Fairly Bike Mfg. Co. v. Schwinn Plan Committee (In Re Schwinn Bicycle Co.)

District Court, N.D. Illinois

Decided June 18, 1997No. 96 C 8600, Bankruptcy Nos. 92 B 22474 thru 92 B 22482, Adversary No. 94 A 01618PublishedCited by 6 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

ALESIA, District Judge.

About five years ago, the Schwinn Bicycle Company went into bankruptcy. As part of the bankruptcy proceedings, in October 1994, the Schwinn Plan Committee (“the Committee”) filed a complaint in bankruptcy court seeking to recover preferential transfers from certain defendants, including Fairly Bike Manufacturing Company, Limited (“Fairly”), and Li Hsin Rubber Industrial Company, Limited (“Li Hsin”). The Committee sought to recover $111,142.95 from Fairly and $195,171.39 from Li Hsin.

On March 25, 1996, the bankruptcy court entered a final…

2Cases cited13 opinions

  1. In Re Longardner & Associates, Inc., Debtor. Appeal of Landahl, Brown & Weed Associates, IncCourt of Appeals for the Seventh Circuit · 1988
  2. In Re Commercial Western Finance Corporation, a California Corporation, Debtor. Bernard J. Brady and Paul L. Disderdick v. Paul B. Andrew, Trustee, Frank B. Amsbaugh v. Paul B. Andrew, Bailey Toplin, Parties-In-Interest v. Commercial Western Finance Corp., Debtor-Appellant. Raymond E. Brooks, Claimants-Appellants v. Paul B. Andrew, Trustee-AppelleeCourt of Appeals for the Ninth Circuit · 1985
  3. In the Matter of Unr Industries, Inc., Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1984
  4. In Re Sweet Transfer & Storage, Inc., Debtor. Michael R. Miyao Steven D. Betten Anton J. Miller v. David J. Kuntz Sweet Transfer & Storage, Inc.Court of Appeals for the Ninth Circuit · 1990
  5. In the Matter of Carbide Cutoff, Inc. Appeal of Special Counsel to the TrusteeCourt of Appeals for the Seventh Circuit · 1983

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3Cited by6 opinions

  1. In Re RayCourt of Appeals for the Seventh Circuit · 2010
  2. Schwinn Plan Committee v. AFS Cycle & Co. (In Re Schwinn Bicycle Co.)United States Bankruptcy Court, N.D. Illinois · 2000
  3. Lynch v. California Public Utilities CommissionDistrict Court, N.D. California · 2004
  4. Becker & Poliakoff PA v. Ward Feed Yard, IncorporatedCourt of Appeals for the Seventh Circuit · 2010
  5. Hughes v. ScaffidiDistrict Court, E.D. Wisconsin · 2023

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