Legal Opinion
In Re Yarn Liquidation, Inc.
United States Bankruptcy Court, E.D. Tennessee
Decided August 18, 1997No. Bankruptcy 95-11611PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM
R. THOMAS STINNETT, Bankruptcy Judge.
In this liquidating Chapter 11 case, the court has been called upon to determine the priority of severance pay claims filed by fourteen former employees of the debtor, SCT Yarns, Inc. The debtor’s confirmed Chapter 11 plan generally provides for payment of unsecured claims in the order of priority set by § 507 of the Bankruptcy Code 11 U.S.C. § 507. For convenience, the court will refer to the claimants as “the employees” and to SCT Yams as “the debtor.”
Three of the employees were laid off on the date the debtor filed its bankruptcy petition. The…
2Cases cited12 opinions
- In Re Mammoth Mart, Inc., Debtor. Stanley Cramer v. Mammoth Mart, Inc.Court of Appeals for the First Circuit · 1976
- In Re Public Ledger, Inc.Court of Appeals for the Third Circuit · 1947
- Heidi S. Weissmann, M.D., Cross-Appellee v. Leonard M. Freeman, M.D., Cross-AppellantCourt of Appeals for the Second Circuit · 1989
- In Re Roth American, Inc., Debtor. Teamsters Local Union No. 401 Health & Welfare Fund International Brotherhood of Teamsters, Local 401Court of Appeals for the Third Circuit · 1992
- Health Maintenance Foundation v. System Board of Adjustment No. 94 Brotherhood of Railway, Airline & Steamship ClerksCourt of Appeals for the Ninth Circuit · 1982
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3Cited by4 opinions
- In re Ellipsat, Inc.United States Bankruptcy Court, District of Columbia · 2012
- In Re Russell Cave Co., Inc.United States Bankruptcy Court, E.D. Kentucky · 2000
- In re ADI Liquidation, Inc.United States Bankruptcy Court, D. Delaware · 2016
- In Re LandAmerica Financial Group, Inc.United States Bankruptcy Court, E.D. Virginia · 2010