Legal Opinion

In Re New Haven Foundry, Inc.

United States Bankruptcy Court, E.D. Michigan

Decided November 19, 2002No. 19-42918PublishedCited by 9 opinions

1Opinion of the Court

Opinion Granting GM’s Motion for Relief from Stay to Allow Setoff

STEVEN W. RHODES, Chief Judge.

This matter is before the Court on a motion filed by General Motors for relief from the automatic stay to permit set-off. DaimlerChrysler Corp. (DCX) filed an objection. The Court conducted a hearing, requested additional briefing from the parties, and took the matter under advisement.

I

Wesley International, an affiliate of New Haven Foundry, Inc., filed for chapter 11 protection on June 29, 1998. GM provided postpetition financing to Wesley, secured by a security interest in all of Wesley’s…

2Cases cited21 opinions

  1. Citizens Bank of Md. v. StrumpfSupreme Court of the United States · 1995
  2. Bank of Waunakee, a Wisconsin Banking Corporation v. Rochester Cheese Sales, Inc., a Minnesota CorporationCourt of Appeals for the Seventh Circuit · 1990
  3. Bankr. L. Rep. P 73,372 in Re Nathan Davidovich and Amy Jill Davidovich, Debtors. Nathan Davidovich and Christine Jobin, Trustee v. Charles WeltonCourt of Appeals for the Tenth Circuit · 1990
  4. In Re: Gordon Sel-Way, Inc., Debtor. Gordon Sel-Way, Inc. v. United StatesCourt of Appeals for the Sixth Circuit · 2001
  5. In Re Davidson Lumber Sales, Inc., Debtor. Zions First National Bank, N.A. v. Christiansen Brothers, Inc., and Jacobsen-Robbins ConstructionCourt of Appeals for the First Circuit · 1995

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3Cited by9 opinions

  1. U.S. Aeroteam, Inc. v. Delphi Automotive Systems, LLC (In Re U.S. Aeroteam, Inc.)United States Bankruptcy Court, S.D. Ohio · 2005
  2. Business Bank v. White (In Re Timothy Dean Restaurant & Bar)District Court, District of Columbia · 2006
  3. Mayco Plastics, Inc. v. TRW Vehicle Safety Systems, Inc. (In Re Mayco Plastics, Inc.)United States Bankruptcy Court, E.D. Michigan · 2008
  4. In Re Bill Heard Enterprises, Inc.United States Bankruptcy Court, N.D. Alabama · 2009
  5. In Re HessUnited States Bankruptcy Court, E.D. Michigan · 2011

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