In Re Funding Systems Railcars, Inc.
United States Bankruptcy Court, N.D. Illinois
1Opinion of the Court
OPINION
FREDERICK J. HERTZ, Bankruptcy Judge.
This cause comes to be heard on the complaint of Greycas and Avco-Paul Revere Co.’s assertion of the applicability of 11 U.S.C. § 1168 in the captioned matter. Plaintiffs demand that all obligations to them be brought current within 60 days of the filing of this Chapter 11 proceeding. Both plaintiffs allege a security interest in rolling stock equipment allegedly in the possession of the debtor. Since immediate repossession of rolling stock would abort this Chapter 11 corporate reorganization, a declaratory judgment on the issue of the applicability…
2Cases cited3 opinions
- Crowell v. BensonSupreme Court of the United States · 1932
- Provident Bank v. BBT (In Re BBT)United States Bankruptcy Court, D. Nevada · 1981
- Reed v. Chicago, N. S. & M. R.Court of Appeals for the Seventh Circuit · 1942
3Cited by1 opinion
- Funding Systems Railcars, Inc. v. Pullman Standard Inc.District Court, N.D. Illinois · 1983