Legal Opinion
In Re Diplomat Electronics Corp.
United States Bankruptcy Court, S.D. New York
Decided February 11, 1988No. 13-37080PublishedCited by 28 opinions
1Opinion of the Court
DECISION AND ORDER ON APPLICATION TO LIFT THE STAY
TINA L. BROZMAN, Bankruptcy Judge.
The CIT Group/Equipment Financing, Inc., (CIT) asks us to lift the automatic stay so that it may foreclose its perfected security interests in the debtors’ accounts receivable and inventory. CIT claims that it is not adequately protected and that the debtors have no equity in their accounts receivable and inventory, neither of which are necessary for an effective reorganization. The debtors contend that CIT is adequately protected by virtue of its own collection of the accounts receivable and the debtors’…
2Cases cited13 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Mueller v. NugentSupreme Court of the United States · 1902
- In Re Eli Kenneth Mellor and Lisa Mellor, Debtors. Raymond G. Pistole and Raymond R. Bragg v. Eli Kenneth Mellor and Lisa MellorCourt of Appeals for the Ninth Circuit · 1984
- In Re Timbers Of Inwood Forest Associates, Ltd.Court of Appeals for the Fifth Circuit · 1987
- Terra Mar Development Corp. v. Terra Mar Associates (In Re Terra Mar Associates)United States Bankruptcy Court, D. Connecticut · 1980
8 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- In Re Elmira Litho, Inc.United States Bankruptcy Court, S.D. New York · 1994
- Sumitomo Trust & Banking Co. v. Holly's, Inc. (In Re Holly's, Inc.)United States Bankruptcy Court, W.D. Michigan · 1992
- In Re Pegasus Agency, Inc., Debtor. Pegasus Agency, Inc. v. Nicholas Grammatikakis, Also Known as Nicholas GrammasCourt of Appeals for the Second Circuit · 1996
- In Re TouloumisUnited States Bankruptcy Court, S.D. New York · 1994
- In Re Kaplan Breslaw Ash, LLCUnited States Bankruptcy Court, S.D. New York · 2001
23 more not listed; retrieve them via the Exa API.