Legal Opinion
In re Credit Industrial Corp.
Court of Appeals for the Second Circuit
Decided August 30, 1966No. 380, Docket 30299PublishedCited by 40 opinions
1Opinion of the Court
MOORE, Circuit Judge.
In May, 1963, Credit Industrial Corporation (CIC) consented to an involuntary petition in bankruptcy. CIC was a commercial finance company located in New York City which financed its operations primarily by loans from individual and institutional lenders. The institutional creditors, consisting of some 29 banks and a financial corporation, filed claims which were allowed in the amount of $9,830,381.21. In addition to borrowing from the institutional lenders, CIC had borrowed from certain individuals on promissory notes which bore a high rate (10%-12%) of interest and…
2Cases cited14 opinions
- Foman v. DavisSupreme Court of the United States · 1962
- Pepper v. LittonSupreme Court of the United States · 1939
- Sampsell v. Imperial Paper & Color Corp.Supreme Court of the United States · 1941
- Kothe v. R. C. Taylor TrustSupreme Court of the United States · 1930
- Prudence Realization Corp. v. GeistSupreme Court of the United States · 1942
9 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- In Re Best Products Co., Inc.United States Bankruptcy Court, S.D. New York · 1994
- In Re National Gypsum Co.District Court, N.D. Texas · 1992
- Matter of WT Grant Co.United States Bankruptcy Court, S.D. New York · 1980
- In Re W.T. Grant Co.United States Bankruptcy Court, S.D. New York · 1985
- Christian Dior-New York, Inc. v. Koret, Inc.Court of Appeals for the Second Circuit · 1986
35 more not listed; retrieve them via the Exa API.