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Legal Opinion

Borg-Warner Acceptance Corp. v. Shah (In Re Shah)

United States Bankruptcy Court, C.D. California

Decided February 10, 1989No. Bankruptcy No. LA87-14142VZ, Adv. No. LA87-01939VZPublishedCited by 7 opinions

1Opinion of the Court

MEMORANDUM OF DECISION

VINCENT P. ZURZOLO, Bankruptcy Judge.

I

STATEMENT OF FACTS

Anas Ahmed Shah and Naiyara Imran Shah (“Defendants”) operated several retail stereo stores in Los Angeles County and Orange County. On February 5, 1986, Defendants and Borg-Warner Acceptance Corporation (“Plaintiff”) executed an Inventory Security Agreement and Power of Attorney (“Plaintiff’s Inventory Security Agreement”). Pursuant to the Inventory Security Agreement, Plaintiff advanced funds to Defendants to purchase stereo equipment for sale in their retail outlets. It was agreed that Plaintiff would have a…

2Cases cited10 opinions

  1. Davis v. Aetna Acceptance Co.Supreme Court of the United States · 1934
  2. Chrysler Credit Corporation v. Perry Chrysler Plymouth, Inc., and Julian I. PerryCourt of Appeals for the Fifth Circuit · 1986
  3. In Re Donn Kemble, Debtor. Packerland Packing Co., Inc., a Wisconsin Corporation v. Griffith Brokerage Company, and Donn KembleCourt of Appeals for the Ninth Circuit · 1985
  4. General Electric Credit Corp. v. Graham (In Re Graham)United States Bankruptcy Court, D. Nevada · 1980
  5. Ford Motor Credit Co. v. Klix (In Re Klix)United States Bankruptcy Court, E.D. Michigan · 1982

5 more not listed; retrieve them via the Exa API.

3Cited by7 opinions

  1. Cody Farms, Inc. v. Deerman (In re Deerman)United States Bankruptcy Court, D. New Mexico · 2012
  2. Fox v. Shervin (In Re Shervin)United States Bankruptcy Court, E.D. Pennsylvania · 1990
  3. Borg-Warner Acceptance Corp. v. Littleton (In Re Littleton)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1989
  4. Sonny Penix v. Parra (In re Parra)United States Bankruptcy Court, D. New Mexico · 2012
  5. Universal Pontiac-Buick-GMC Truck Inc. v. Routson (In Re Routson)United States Bankruptcy Court, D. Minnesota · 1993

2 more not listed; retrieve them via the Exa API.

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