Legal Opinion

Holt v. Federal Deposit Insurance (In Re Instrument Sales & Service, Inc.)

United States Bankruptcy Court, W.D. Texas

Decided July 7, 1987No. 19-30221PublishedCited by 11 opinions

1Opinion of the Court

MEMORANDUM OPINION

R. GLEN AYERS, Chief Judge.

This Court has jurisdiction under 28 U.S.C. § 1334 and § 157(b) of this core proceeding to determine whether the transfer alleged was preferential and whether § 550 applies to prevent recovery of the value of the alleged preference from the Federal Deposit Insurance Corporation (hereinafter “FDIC”).

On October 20, 1981, Instrument Sales & Services, Inc. (hereinafter “Debtor”), executed a security agreement in favor of the National Bank of Odessa granting the bank a security interest in the Debtor’s inventory, raw materials, work in process, or…

2Cases cited12 opinions

  1. Lewis v. Manufacturers National Bank of DetroitSupreme Court of the United States · 1961
  2. Fed. Sec. L. Rep. P 98,654 William L. Gunter and Camille S. Gunter v. Theodore M. HutchesonCourt of Appeals for the Eleventh Circuit · 1982
  3. Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Richard M. WoodCourt of Appeals for the Sixth Circuit · 1985
  4. Federal Deposit Insurance Corporation v. The Merchants National Bank of MobileCourt of Appeals for the Eleventh Circuit · 1984
  5. Fed. Sec. L. Rep. P 98,300 Seymour Gilman and Wife, Rosalind K. Gilman, Cross-Appellants v. Federal Deposit Insurance Corporation, Cross-AppelleeCourt of Appeals for the Sixth Circuit · 1981

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3Cited by11 opinions

  1. Meoli v. Huntington National Bank (In Re Teleservices Group, Inc.)United States Bankruptcy Court, W.D. Michigan · 2011
  2. Gleasman v. Jones (In Re Gleasman)United States Bankruptcy Court, W.D. Texas · 1990
  3. Grove Peacock Plaza, Ltd. v. Resolution Trust Corp. (In Re Grove Peacock Plaza, Ltd.)United States Bankruptcy Court, S.D. Florida. · 1992
  4. Belford v. Breck (In Re Medical Cost Management, Inc.)United States Bankruptcy Court, D. Connecticut · 1990
  5. Lustig v. Hickey (In Re Hickey)United States Bankruptcy Court, W.D. New York · 1994

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