Legal Opinion

In Re Funding Systems Railcars, Inc.

United States Bankruptcy Court, N.D. Illinois

Decided December 3, 1981No. 19-04598PublishedCited by 1 opinion

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

  1. Crowell v. BensonSupreme Court of the United States · 1932
  2. Provident Bank v. BBT (In Re BBT)United States Bankruptcy Court, D. Nevada · 1981
  3. Reed v. Chicago, N. S. & M. R.Court of Appeals for the Seventh Circuit · 1942

3Cited by1 opinion

  1. Funding Systems Railcars, Inc. v. Pullman Standard Inc.District Court, N.D. Illinois · 1983

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