Legal Opinion
In the Matter of General Insecticide Co., Inc., Bankrupt
Court of Appeals for the Second Circuit
Decided November 14, 1968No. 32549_1PublishedCited by 35 opinions
1Opinion of the Court
ANDERSON, Circuit Judge:
On March 14, 1967, the Trustee in Bankruptcy petitioned the Referee for an order authorizing the private sale of a Weldetron Sealer and a Power Weld Plastic Sealer to Oneida Die Press Specialties, Inc. for $380. The Trustee represented that no higher price could be obtained at public auction and, in addition, the expense of an auction would thereby be saved. Accepting the view that $380 was the “best price available,” the Referee issued an order authorizing the sale. None of the bankrupt’s creditors received notice of this private sale; nor were they notified that…
2Cases cited5 opinions
- In re Burr Mfg. & Supply Co.Court of Appeals for the Second Circuit · 1914
- St. Regis Paper Co., and All Other Creditors Similarly Situated v. Billy R. Jackson, Trustee in Bankruptcy for Harry D. Stone, BankruptCourt of Appeals for the Fifth Circuit · 1966
- In Re Park Distributors, Inc.District Court, S.D. California · 1959
- In re DanenzaDistrict Court, E.D. New York · 1962
- Schuenke v. SampsellCourt of Appeals for the Ninth Circuit · 1955
3Cited by35 opinions
- In Re GucciCourt of Appeals for the Second Circuit · 1997
- In the Matter of Chung King, Inc., Debtor. Appeal of Michael T. NigroCourt of Appeals for the Seventh Circuit · 1985
- Cada Investments, Inc. v. LakeCourt of Appeals for the Ninth Circuit · 1981
- In Re BakalisUnited States Bankruptcy Court, E.D. New York · 1998
- C & J Clark America, Inc. v. Carol Ruth, Inc. (In Re Wingspread Corp.)United States Bankruptcy Court, S.D. New York · 1988
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