Legal Opinion
National Bank of Georgia, Inc. v. Air Atlanta, Inc. (In Re Air Atlanta, Inc.)
United States Bankruptcy Court, N.D. Georgia
Decided June 2, 1987No. 19-51544PublishedCited by 14 opinions
1Opinion of the Court
ORDER
W.H. DRAKE, Jr., Bankruptcy Judge.
This case is before the Court on a motion to lift stay to permit setoff filed by National Bank of Georgia, Inc. (“NBG”). At the hearing on the matter on May 27, 1987, NBG presented documents and testimony showing that the total amount on deposit in seven (7) of the debtor’s accounts maintained at NBG was $276,298.16 as of the date the debtor filed its Chapter 11 peti tion. The evidence also indicated that the principal balance owed NBG on one loan made to the debtor is $333,333.33.
The debtor argues that NBG is not entitled to set off the mutual debts of…
2Cases cited4 opinions
- Williams v. American Bank of the Mid-Cities, N.A. (In Re Williams)United States Bankruptcy Court, N.D. Texas · 1986
- Bank of America National Trust & Savings Ass'n v. Edgins (In Re Edgins)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1984
- Georgia Federal Bank, FSB v. Owens-Peterson (In Re Owens-Peterson)United States Bankruptcy Court, N.D. Georgia · 1984
- Heller Financial, Inc. v. Air Atlanta, Inc. (In re Air Atlanta, Inc.)District Court, D. Georgia · 1987
3Cited by14 opinions
- Small Business Administration v. Harold Rinehart Marilyn RinehartCourt of Appeals for the Eighth Circuit · 1989
- In Re Drexel Burnham Lambert Group Inc.United States Bankruptcy Court, S.D. New York · 1990
- Homan v. Kemba Cincinnati Credit Union (In Re Homan)United States Bankruptcy Court, S.D. Ohio · 1990
- Patterson v. B.F. Goodrich Employees Federal Credit Union (In Re Patterson)United States Bankruptcy Court, N.D. Alabama · 1990
- Air Atlanta, Inc. v. National Bank of Georgia, Inc.District Court, N.D. Georgia · 1987
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