Legal Opinion
Fulton, N.A. v. Robbins (In re Robbins)
United States Bankruptcy Court, E.D. Pennsylvania
Decided December 21, 2016No. Bankruptcy No. 14-18860-AMC; Adv. Proc. No. 14-688-AMCPublishedCited by 4 opinions
1Opinion of the Court
OPINION
Honorable Ashely M. Chan, United States Bankruptcy Judge
TABLE OF CONTENTS
I. Introduction., .88
*88II. Facts and Procedural History...90
A. Background of High Fidelity House, Inc.... 90
1. Officers and Outside Accountant. . .90
2. HiFi’s Accounting Practices.., 91
a. Refreshed Invoices... 92
b. Inventory Valuation... 93
c. Advanced Billing.. .93
B. HiFi Commercial Loans with Fulton. . .93.
1. First Meeting... 94
2. Second Meeting.. .94
3. Third Meeting.. .95
4. Refreshing Invoices... 95
5. The Loan Agreements... 96
6. Drexel Contract.. .97
7. Borrowing Base Certificates... 97
C. 2012 Covenant Violation..…
2Cases cited33 opinions
- Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
- Grogan v. GarnerSupreme Court of the United States · 1991
- Kawaauhau v. GeigerSupreme Court of the United States · 1998
- Local Loan Co. v. HuntSupreme Court of the United States · 1934
- Field v. MansSupreme Court of the United States · 1995
28 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Veritex Community Bank v. John OsborneCourt of Appeals for the Fifth Circuit · 2020
- Martin v. Melendez (In re Melendez)United States Bankruptcy Court, E.D. Pennsylvania · 2018
- Chen v. PhatUnited States Bankruptcy Court, E.D. Pennsylvania · 2021
- Fulton Bank, N.A. v. Sandquist, P.Superior Court of Pennsylvania · 2017