Legal Opinion
In Re Sensor Systems, Inc.
United States Bankruptcy Court, E.D. Pennsylvania
Decided November 25, 1987No. 17-10085PublishedCited by 18 opinions
1Opinion of the Court
OPINION
DAVID A. SCHOLL, Bankruptcy Judge.
The instant dispute arises on Objections of the Trustee, WILLIAM SCHAPS, to secured Proofs of Claim filed by sixteen individuals (hereinafter referred to as “the Claimants”) totalling in excess of $625,000.00, in the instant Chapter 7 voluntary business bankruptcy. 1 The issue presented is whether the Claimants, having been required to pay in full, pre-petition, upon letters of credit issued by them on account of the Debtor in favor of a secured lender, may be subrogated to the rights of the secured lender as to claims filed by them in this bankruptcy.…
2Cases cited16 opinions
- In Re LewisUnited States Bankruptcy Court, E.D. Pennsylvania · 1987
- Rankin v. Alloway (In Re Alloway)United States Bankruptcy Court, E.D. Pennsylvania · 1984
- In Re Missionary Baptist Foundation of America, Inc., Debtors, Robert B. Wilson, Trustee v. Brooks Supermarket, Inc.Court of Appeals for the Fifth Circuit · 1982
- Philadelphia Consumer Discount Co. v. Gurst (In Re Gurst)United States Bankruptcy Court, E.D. Pennsylvania · 1987
- In the Matter of David James Bugos, F/d/b/a Kristala Farm, Debtor. Appeal of James P. BugosCourt of Appeals for the Seventh Circuit · 1985
11 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- In Re Valley Vue Joint VentureUnited States Bankruptcy Court, E.D. Virginia · 1991
- Pandora Industries, Inc. v. Paramount Communications Inc. (In Re Wingspread Corp.)District Court, S.D. New York · 1992
- Bank of America National Trust & Savings Ass'n v. Kaiser Steel Corp. (In Re Kaiser Steel Corp.)United States Bankruptcy Court, D. Colorado · 1988
- In Re StoeckerUnited States Bankruptcy Court, N.D. Illinois · 1992
- In Re Union Meeting PartnersUnited States Bankruptcy Court, E.D. Pennsylvania · 1995
13 more not listed; retrieve them via the Exa API.