Legal Opinion
In Re Genuity, Inc.
United States Bankruptcy Court, S.D. New York
Decided March 17, 2005No. 19-35187PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM DECISION DENYING DEBTORS’ REQUEST TO SETOFF PRE-PETITION SECURITY DEPOSITS AGAINST POST-PETITION CURE PAYMENTS
PRUDENCE CARTER BEATTY, Bankruptcy Judge.
The debtors, world leading telecommunications carriers, seek this court’s approval to offset pre-petition security deposits against post-petition cure obligations. For the reasons set forth below, the court denies the debtors’ motion.
BACKGROUND
On November 27, 2002 (the “Filing Date”) Genuity, Inc. and its fourteen domestic subsidiaries (collectively, “the Debtors”) commenced Chapter 11 cases under the Bankruptcy Code (the “Code”) for…
2Cases cited13 opinions
- Citizens Bank of Md. v. StrumpfSupreme Court of the United States · 1995
- Cumberland Glass Manufacturing Co. v. De Witt & Co.Supreme Court of the United States · 1915
- In the Matter of the Bohack Corporation, Debtor-In-Possession. The Bohack Corporation v. Borden, Inc.Court of Appeals for the Second Circuit · 1979
- In Re Braniff Airways, Inc.United States Bankruptcy Court, N.D. Texas · 1984
- In Re Shoppers Paradise, Inc.United States Bankruptcy Court, S.D. New York · 1980
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3Cited by4 opinions
- In Re UAL Corp.Court of Appeals for the Seventh Circuit · 2011
- In re Leather Factory Inc.United States Bankruptcy Court, C.D. California · 2012
- ReGen Capital I, Inc. v. UAL Corp. (In Re UAL Corp.)Court of Appeals for the Seventh Circuit · 2011
- In re SearsDistrict Court, D. Nebraska · 2015