Legal Opinion
International Asset Recovery Corp. v. Thomson McKinnon Securities Inc.
United States Bankruptcy Court, S.D. New York
Decided December 20, 2005No. 18-36518PublishedCited by 7 opinions
1Opinion of the Court
DECISION AND ORDER
McMAHON, District Judge.
Introduction
Appellee Thomson McKinnon Securities Inc. (TMSI) filed for Chapter 11 bankruptcy in 1990, and submitted a liquidation plan under 11 U.S.C. § 1123(b)(4).
Mr. Lawrence Lee was one of the many unsecured creditors of TMSI. Pursuant to the terms of the Plan, he was paid 100% of the allowed amount of his claim — $119,-888 — comprising the principal debt plus interest until the date of filing. He was paid no post-petition interest. Mr. Lee subsequently assigned any remaining claim he might have against TMSI to appellant International Asset…
2Cases cited18 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- Bruning v. United StatesSupreme Court of the United States · 1964
- In Re Resorts International, Inc.Court of Appeals for the Third Circuit · 2004
- In Re Arochem CorporationCourt of Appeals for the Second Circuit · 1999
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