Legal Opinion
North American Banking Co. v. Leonard (In re WEB2B Payment Solutions, Inc.)
United States Bankruptcy Appellate Panel for the Eighth Circuit
Decided March 25, 2013No. BAP No. 12-6047PublishedCited by 2 opinions
1Opinion of the Court
FEDERMAN, Chief Judge.
North American Banking Company (NABC) appeals from the Order of the Bankruptcy Court1 granting summary judgment in favor of the Chapter 7 Trustee and ruling that NABC relinquished its possessory lien in account funds when it turned the funds over to the Trustee without requesting adequate protection of its possessory lien in such funds. For the reasons that follow, the Order of the Bankruptcy Court is AFFIRMED.
Factual Background
Debtor WEB2B Payment Solutions, Inc., was in the business of providing check clearing and payment processing services under contracts with third…
2Cases cited11 opinions
- United States v. Whiting Pools, Inc.Supreme Court of the United States · 1983
- Citizens Bank of Md. v. StrumpfSupreme Court of the United States · 1995
- Isaacs v. Hobbs Tie & Timber Co.Supreme Court of the United States · 1931
- Goggin v. Division of Labor Law Enforcement of Cal.Supreme Court of the United States · 1949
- In the Matter of Chaseley's Foods, Inc., D/B/A Vic's Super Foods, Debtor. Appeal of Daniel L. Freeland, TrusteeCourt of Appeals for the Seventh Circuit · 1984
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3Cited by2 opinions
- In re HallUnited States Bankruptcy Court, District of Columbia · 2014
- Anderson v. Harbor Bank of Md. (In re Anderson)District Court, D. Maryland · 2019