Legal Opinion
First City National Bank of Midland v. Mid-West Motors, Inc. (In Re Mid-West Motors, Inc.)
United States Bankruptcy Court, N.D. Texas
Decided February 17, 1988No. 19-40817PublishedCited by 14 opinions
1Opinion of the Court
MEMORANDUM OF OPINION ON COVENANT NOT TO COMPETE AND MARSHALING OF ASSETS
JOHN C. AKARD, Bankruptcy Judge.
First City National Bank of Midland (Bank) filed a Motion for Marshaling of Assets seeking to have the Federal Deposit Insurance Corporation, as the Successor in Interest to the First National Bank of Midland, Texas (FDIC), satisfy its liens out of otherwise unencumbered assets of the estate. The Bank would then be able to satisfy a larger portion of its indebtedness from assets upon which it presently has a second lien. The Debtor and the Unsecured Creditors Committee opposed the motion.…
2Cases cited13 opinions
- Meyer v. United StatesSupreme Court of the United States · 1963
- In Re Jack Green's Fashions For Men Big And Tall, Inc.Court of Appeals for the Eighth Circuit · 1979
- Peoples Bank of Tuscaloosa v. Computer Room, Inc. (In Re Computer Room, Inc.)United States Bankruptcy Court, N.D. Alabama · 1982
- Castle Rock Industrial Bank v. S.O.A.W. Enterprises, Inc. (In Re S.O.A.W. Enterprises, Inc.)United States Bankruptcy Court, W.D. Texas · 1983
- Colvin v. Petree (In Re Dan Hixson Chevrolet Co.)United States Bankruptcy Court, N.D. Texas · 1982
8 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Andrews v. Riggs National Bank (In re Andrews)Court of Appeals for the Fourth Circuit · 1996
- In Re ThomasUnited States Bankruptcy Court, N.D. Texas · 1988
- Wurst v. City of New York (In Re Packard Properties, Ltd.)United States Bankruptcy Court, N.D. Texas · 1990
- In Re CranerUnited States Bankruptcy Court, N.D. New York · 1988
- NBD Park Ridge Bank v. SRJ Enterprises, Inc. (In Re SRJ Enterprises, Inc.)United States Bankruptcy Court, N.D. Illinois · 1993
9 more not listed; retrieve them via the Exa API.