Legal Opinion
In Re Prime, Inc.
United States Bankruptcy Court, W.D. Missouri
Decided November 12, 1981No. 18-43241PublishedCited by 7 opinions
1Opinion of the Court
ORDER AUTHORIZING USE OF CASH COLLATERAL
JOEL PELOFSKY, Bankruptcy Judge.
Prime, Inc. is a good sized over-the-road trucking company, headquartered in Springfield, Missouri. Operating funds are obtained through accounts receivable financing by CIT Corporation. In August or September of 1981, Prime purged a substantial number of accounts as duplicates or as having credits against them. CIT became concerned as to the validity of the accounts being assigned and raised questions as to the future of the arrangement. Several meetings were held between Prime and CIT but the problem was not resolved.…
2Cases cited4 opinions
- Government National Mortgage Corp. v. Adana Mortgage Bankers, Inc. (In Re Adana Mortgage Bankers, Inc.)United States Bankruptcy Court, N.D. Georgia · 1980
- In Re Heatron, Inc.United States Bankruptcy Court, W.D. Missouri · 1980
- Matter of Sullivan Ford SalesUnited States Bankruptcy Court, D. Maine · 1980
- Borne Chemical Co. v. Lincoln First Commercial Corp. (In Re Borne Chemical Co.)United States Bankruptcy Court, D. New Jersey · 1981
3Cited by7 opinions
- In Re Sun Runner Marine, Inc., D/B/A Sun Runner Yachts, Debtor. Transamerica Commercial Finance Corporation v. Citibank, N.A.Court of Appeals for the Ninth Circuit · 1991
- In Re Dynaco Corp.United States Bankruptcy Court, D. New Hampshire · 1993
- In Re III Enterprises, Inc. VUnited States Bankruptcy Court, E.D. Pennsylvania · 1994
- Travelers Insurance Co. v. Plaza Family Partnership (In Re Plaza Family Partnership)District Court, E.D. California · 1989
- In Re TS Industries, Inc.United States Bankruptcy Court, D. Utah · 1990
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