Legal Opinion
In Re: KB Toys Inc. v.
Court of Appeals for the Third Circuit
Decided November 15, 2013No. 13-1197PublishedCited by 18 opinions
1Opinion of the Court
OPINION OF THE COURT
SHWARTZ, Circuit Judge.
I
This appeal arises out of the Chapter 11 liquidation of KB Toys Inc. and affiliated entities (the “Debtors”). Pursuant to 11 U.S.C. § 502(d), the Residual Trustee of the KBTI Trust 1 sought to disallow certain trade claims that ASM Capital, L.P., and ASM Capital II, LLP, (together, “ASM”) obtained from some of the creditors. Under § 502(d), a bankruptcy claim can be disallowed if a claimant receives property that is avoidable or recoverable by the bankruptcy estate. See 11 U.S.C. § 502(d). The issue here is whether a trade claim that is subject to…
2Cases cited14 opinions
- Blum v. StensonSupreme Court of the United States · 1984
- Dewsnup v. TimmSupreme Court of the United States · 1992
- Katchen v. LandySupreme Court of the United States · 1966
- International Shoe Co. v. PinkusSupreme Court of the United States · 1929
- Official Committee of Unsecured Creditors of Cybergenics Corp. Ex Rel. Cybergenics Corp. v. ChineryCourt of Appeals for the Third Circuit · 2003
9 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Joy Denby-Peterson v.Court of Appeals for the Third Circuit · 2019
- Weisfelner v. Fund 1 (In re Lyondell Chemical Co.)United States Bankruptcy Court, S.D. New York · 2014
- In re Motors Liquidation Co.United States Bankruptcy Court, S.D. New York · 2015
- Zardinovsky v. Arctic Glacier Income Fund (In Re Arctic Glacier Int'l, Inc.)Court of Appeals for the Third Circuit · 2018
- In re Woodbridge Grp. of Cos.United States Bankruptcy Court, D. Delaware · 2018
13 more not listed; retrieve them via the Exa API.