Legal Opinion

In Re Long Chevrolet, Inc.

District Court, N.D. Illinois

Decided October 13, 1987No. 82 C 4993PublishedCited by 11 opinions

1Opinion of the Court

MEMORANDUM OPINION

GRADY, Chief Judge.

This is an appeal from the bankruptcy court’s interlocutory order granting a creditor of Long Chevrolet, General Motors Acceptance Corporation (“GMAC”), a perfected security interest in funds remaining in the hands of the trustee under Long Chevrolet’s pension fund, in the cash surrender value of a life insurance policy, and in the proceeds from the sale of certain real estate. For the reasons stated below, we affirm the decision of the bankruptcy court.

FACTS AND PROCEDURAL BACKGROUND

The following outline of the facts is from a previous opinion on this…

2Cases cited18 opinions

  1. Shaw v. Delta Air Lines, Inc.Supreme Court of the United States · 1983
  2. Fort Halifax Packing Co. v. CoyneSupreme Court of the United States · 1987
  3. In Re Ebbler Furniture and Appliances, Inc., Debtor. Donald Samson, Trustee v. Alton Banking & Trust Co.Court of Appeals for the Seventh Circuit · 1986
  4. Grain Merchants of Indiana, Inc., Bankrupts, Mark L. France, Trustee v. Union Bank and Savings Company, Bellevue, OhioCourt of Appeals for the Seventh Circuit · 1969
  5. In the Matter of Chaseley's Foods, Inc., D/B/A Vic's Super Foods, Debtor. Appeal of Daniel L. Freeland, TrusteeCourt of Appeals for the Seventh Circuit · 1984

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3Cited by11 opinions

  1. Gull Air, Inc. v. Embraer Aircraft Corp. (In Re Gull Air, Inc.)United States Bankruptcy Court, D. Massachusetts · 1988
  2. Uly-Pak, Inc. v. Consolidated Insurance Agency, Inc. (In Re Uly-Pak, Inc.)United States Bankruptcy Court, S.D. Illinois · 1989
  3. Young v. Paramount Communications Inc. (In Re Wingspread Corp.)United States Bankruptcy Court, S.D. New York · 1993
  4. Westchester Enterprises, Inc. v. Swartwout (In Re Swartwout)United States Bankruptcy Court, S.D. Ohio · 1991
  5. In Re Tyson Metal Products, Inc., TafcoUnited States Bankruptcy Court, W.D. Pennsylvania · 1990

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