Legal Opinion
In the Matter of Wallace Lincolnmercury Company, Inc., Bankrupt, Ford Motor Credit Company v. Herschel A. Gentry, Trustee
Court of Appeals for the Fifth Circuit
Decided December 11, 1972No. 71-2700PublishedCited by 24 opinions
1Opinion of the Court
AINSWORTH, Circuit Judge:
In this bankruptcy proceeding, we must determine the rights of creditors, one of whom claims a preference. In a complex series of transactions, Wallace Lineoln-Mercury Company purchased automobiles from Ford Motor Company (Ford) using credit extended by Ford Motor Credit Company (FMCC). When Wallace filed a debtor’s petition in bankruptcy, the general creditors challenged FMCC’s claim of preference to the 65 automobiles in Wallace's possession. The Referee in Bankruptcy and the District Judge, 326 F.Supp. 1243, agreed with the general creditors and denied FMCC’s claim…
2Cases cited17 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Richards v. United StatesSupreme Court of the United States · 1962
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
- McKenzie v. Irving Trust Co.Supreme Court of the United States · 1945
- Universal CIT Credit Corporation v. HulettLouisiana Court of Appeal · 1963
12 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Matter of Succession of DunhamSupreme Court of Louisiana · 1981
- Limor v. Weinstein & Sutton (In Re SMEC, Inc.)District Court, M.D. Tennessee · 1993
- Woods-Tucker Leasing Corp. v. Hutcheson-Ingram Development Co.Court of Appeals for the Fifth Circuit · 1981
- Fox v. Peck Iron and Metal Co., Inc.United States Bankruptcy Court, S.D. California · 1982
- In the Matter of Tape City, U.S.A., Inc., Debtor. Borg-Warner Acceptance Corporation v. Tape City, U.S.A., Inc.Court of Appeals for the Fifth Circuit · 1982
19 more not listed; retrieve them via the Exa API.