Legal Opinion
Matter of Penn Central Transportation Company
District Court, E.D. Pennsylvania
Decided May 18, 1971No. 70-347PublishedCited by 17 opinions
1Opinion of the Court
MEMORANDUM
FULLAM, District Judge.
Greyhound Lines, Inc. has filed a reclamation petition, seeking to recover a balance of $36,790.42, representing the net proceeds of bus tickets sold by the Debtor, prior to the filing of its reorganization petition on June 21, 1970, pursuant to an agency agreement between the two companies. The agreement requires the Debtor to submit monthly statements of tickets sold, and to remit monthly to Greyhound the proceeds of such sales, less Debtor’s compensation thereunder. The petitioner claims that these balances represent trust funds, and are thus a proper…
2Cases cited2 opinions
- In the Matter of Lord's, Inc., Bankrupt. Chicago Cutter-Karcher, Inc. v. Charles D. Maley, TrusteeCourt of Appeals for the Seventh Circuit · 1966
- Carlson, Inc. v. Commercial Discount Corporation and Joseph R. McNeany Trustee in BankruptcyCourt of Appeals for the Tenth Circuit · 1967
3Cited by17 opinions
- In Re Morales Travel Agency, Bankrupt. Appeal of Eastern Air Lines, IncCourt of Appeals for the First Circuit · 1981
- Thunderbird Motor Freight Lines, Inc. v. Penn-Dixie Steel Corp. (In Re Penn-Dixie Steel Corp.)United States Bankruptcy Court, S.D. New York · 1980
- Dampskibsselskabet AF 1912 Aktieselskab v. Black & Geddes, Inc. (In Re Black & Geddes, Inc.)United States Bankruptcy Court, S.D. New York · 1984
- In Re BarnesUnited States Bankruptcy Court, E.D. Michigan · 2001
- In Re Chaim Einhorn Vacation Planning Center, Inc.United States Bankruptcy Court, E.D. New York · 1986
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