Legal Opinion
Balzano v. Aero-Dyne Corp.
Court of Appeals for the Seventh Circuit
Decided February 12, 1970No. 17199PublishedCited by 1 opinion
1Opinion of the Court
MAJOR, Senior Circuit Judge.
The receiver for Perspectron, Inc., a bankrupt (Perspectron or the bankrupt), on July 28, 1966, filed a petition for a turn-over order, subsequently adopted by the bankruptcy trustee. The petition in substance alleged that on or about June 15, 1966, equipment and material of a value of approximately $150,000 was transferred from Perspectron to AeroDyne Corporation of Illinois (AeroDyne) without consideration, for the purpose of delaying and defrauding creditors of the bankrupt.
Aero-Dyne by answer denied the allegations of the petition and alleged that it was not…
2Cases cited11 opinions
- Beacon Theatres, Inc. v. WestoverSupreme Court of the United States · 1959
- Harrison v. ChamberlinSupreme Court of the United States · 1926
- Norene R. O'Dell v. United States of America and Jack Ruhter, Trustee in BankruptcyCourt of Appeals for the Tenth Circuit · 1964
- The Inter-State National Bank of Kansas City v. Frank Luther, Trustee, Matter of Garden Grain & Seed Company, Inc., BankruptCourt of Appeals for the Tenth Circuit · 1955
- Ned Gill v. H. A. Phillips, Trustee of Tinney Produce Company, Inc., BankruptCourt of Appeals for the Fifth Circuit · 1964
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3Cited by1 opinion
- In The Matter Of Perspectron, Inc.Court of Appeals for the Seventh Circuit · 1970