Legal Opinion
Ackerman v. Gladwin Leasing, Inc. (In Re Copter, Inc.)
District Court, E.D. Pennsylvania
Decided April 7, 1983No. Civ. A. 82-2791PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM
RAYMOND J. BRODERICK, District Judge.
Gladwin Leasing, Inc. (“Gladwin”) appeals from an order of the bankruptcy court, 19 B.R. 588, allowing Norman Acker-man (“Ackerman”), trustee in bankruptcy for Copter, Inc. (“Copter”) to avoid a transfer of $17,440 made by Copter to Gladwin 99 days before Copter filed for bankruptcy pursuant to Chapter 7 of the Bankruptcy Code (11 U.S.C. § 701 et seq.) The bankruptcy court held that the transfer was voidable even though it was made more than 90 days before Copter’s Petition for Bankruptcy because Pennsylvania’s Insolvency Statute permits a…
2Cases cited5 opinions
- Potts v. Smith Manufacturing Co.Superior Court of Pennsylvania · 1904
- First Nat. Bank v. WeaverCourt of Appeals for the Third Circuit · 1924
- Gallagher v. Keystone Realty Holding Co.Supreme Court of Pennsylvania · 1938
- Schooley v. Schooley and Co., Inc.Supreme Court of Pennsylvania · 1946
- Ackerman v. Gladwin Leasing (In Re Copter, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1982
3Cited by2 opinions
- Zimmerman v. Frem Corp. (In Re Kenval Marketing Corp.)United States Bankruptcy Court, E.D. Pennsylvania · 1987
- Copter, Inc., Ackerman, Norman, Trustee v. Gladwin Leasing, Inc. Appeal of Norman Ackerman, Esq., Trustee for Copter, IncCourt of Appeals for the Third Circuit · 1984