Legal Opinion
In the Matter of Time Sales Finance Corporation and Its Wholly Owned Subsidiary Corporations, Debtors. Appeal of Central Penn National Bank
Court of Appeals for the Third Circuit
Decided February 7, 1974No. 73-1759PublishedCited by 31 opinions
1Opinion of the Court
OPINION OF THE COURT
ADAMS, Circuit Judge.
A creditor’s claim for interest accruing after the date a petition was filed for an arrangement under the Bankruptcy Act prompts this appeal.
On April 5, 1968, Time Sales Finance Corporation (the bankrupt) filed a petition for an arrangement under Chapter XI of the Bankruptcy Act. 1 The bankrupt’s indebtedness to Central Penn, amounting to $51,754.71, was evidenced by three notes, due respectively on April 10, 1968, May 27, 1968, and June 4, 1968, each providing for payment of principal “with interest from date.”
One group of creditors, who had advanced…
2Cases cited5 opinions
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
- Sexton v. DreyfusSupreme Court of the United States · 1911
- United States v. Irving I. Bass, Trustee in Bankruptcy of the Estate of Leland Cameron, BankruptCourt of Appeals for the Ninth Circuit · 1959
- Bird & Sons Sales Corporation v. TobinCourt of Appeals for the Eighth Circuit · 1935
- In re Magnus Harmonica Corp.Court of Appeals for the Third Circuit · 1959
3Cited by31 opinions
- HSBC Bank USA v. Bank of New EnglandCourt of Appeals for the First Circuit · 2004
- In Re Coram Healthcare Corp.United States Bankruptcy Court, D. Delaware · 2004
- In Re Washington Mutual, Inc.United States Bankruptcy Court, D. Delaware · 2011
- In Re Kingsboro Mortgage Corp. Bankers Life Co. v. Manufacturers Hanover Trust Co. And Howard F. Sunshine, Trustee in BankruptcyCourt of Appeals for the Second Circuit · 1975
- Bank of America v. North LaSalle Street Ltd. Partnership (In Re 203 North LaSalle Street Partnership)United States Bankruptcy Court, N.D. Illinois · 2000
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