Legal Opinion
Farmer v. Crocker National Bank (In Re Swift Aire Lines, Inc.)
United States Bankruptcy Appellate Panel for the Ninth Circuit
Decided March 15, 1983No. BAP Nos. CC-82-1139VGK, CC-82-1149VGK, Bankruptcy No. LA-81-11896CA, Adv. No. LA-81-4979CAPublishedCited by 17 opinions
1Opinion of the Court
OPINION
VOLINN, Bankruptcy Judge:
I. FACTS
Prior to filing bankruptcy on September 18, 1981, Swift Aire Lines, Inc., operated a commercial airline service. Business operations were financed primarily through Wells Fargo Bank.
In November, 1980, appellant, Justin Colin, purchased an 80% stock ownership interest in the debtor for $1,775,000. Colin also agreed in a separate investment agreement dated November 19, 1980, to contribute an additional $775,000 to Swift by loan or purchase of stock. The additional contribution was to be made “in the event that either Wells Fargo Bank, N.A. ... or the…
2Cases cited4 opinions
- Data Disc, Incorporated v. Systems Technology Associates, Inc.Court of Appeals for the Ninth Circuit · 1977
- American Bell International, Inc. v. Islamic Republic of IranDistrict Court, S.D. New York · 1979
- Board of Trade of San Francisco v. Swiss Credit BankCourt of Appeals for the Ninth Circuit · 1979
- Farmer v. Crocker National Bank (In Re Swift Aire Lines)United States Bankruptcy Court, C.D. California · 1982
3Cited by17 opinions
- Unified Western Grocers, Inc. v. Twin City Fire InsuranceCourt of Appeals for the Ninth Circuit · 2006
- In Re Alan Wayne RaynardUnited States Bankruptcy Court, W.D. Michigan · 2005
- In Re EngmanUnited States Bankruptcy Court, W.D. Michigan · 2008
- Whinnery v. Bank of Onalaska (In Re Taggatz)United States Bankruptcy Court, W.D. Wisconsin · 1989
- Beeler v. Stanton (In Re Stanton)United States Bankruptcy Court, E.D. Washington · 1999
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