Legal Opinion
In re Vantine's Retail Stores, Inc.
District Court, S.D. New York
Decided June 19, 1930PublishedCited by 1 opinion
1Opinion of the Court
FRANK J. COLEMAN, District Judge.
The question presented is' whether the bank had a right to offset against -the. balance standing to the credit of the bankrupt’s deposit account, an indebtedness owed by the bankrupt to the bank at the time of the filing of the petition. The indebtedness to the bank is undisputed, but the trustee claims that a judgment creditor of the bankrupt had previously acquired a lien upon the deposit which prevents the offset.
On February 21, 1930, a judgment creditor of the bankrupt procured a third party order in supplementary proceedings in the state court which…
2Cases cited4 opinions
- McCorkle v. . HerrmanNew York Court of Appeals · 1889
- Becker v. . TorranceNew York Court of Appeals · 1864
- Voorhees v. SeymourNew York Supreme Court · 1857
- Genesee Lumber & Coal Co. v. BonarrigoAppellate Division of the Supreme Court of the State of New York · 1931
3Cited by1 opinion
- Wickwire Spencer Steel Co. v. Kemkit Scientific Co.New York Court of Appeals · 1944