Legal Opinion
Sisk v. Saugus Bank & Trust Co. (In Re Saugus General Hospital, Inc.)
United States Bankruptcy Court, D. Massachusetts
Decided November 6, 1980No. 19-10364PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
JAMES N. GABRIEL, Bankruptcy Judge.
The instant complaint was filed by the Receiver of the Saugus General Hospital, Inc., a debtor under Chapter XI of the Bankruptcy Act. Plaintiff seeks to recover all, or in the alternative, a substantial portion of $83,655.92 of the Hospital’s funds which were seized by the defendant, Saugus Bank and Trust Company from various of the Hospital’s checking accounts at the Sau-gus Bank. The complaint has raised several legal issues relating to the defendant’s right of set-off.
As of August, 1978, Saugus General Hospital, Inc., operated a…
2Cases cited20 opinions
- Studley v. Boylston National BankSupreme Court of the United States · 1913
- In Re Applied Logic Corporation, Bankrupt. New Jersey National Bank v. Daniel Gutterman, as Trustee of Applied Logic Corporation, BankruptCourt of Appeals for the Second Circuit · 1978
- George P. Baker, Trustees of the Property of Penn Central Transportation Company v. National City Bank of ClevelandCourt of Appeals for the Sixth Circuit · 1975
- The First National Bank of Clinton v. Vance Julian, Trustee in Bankruptcy of Roby C. Woody, D/B/A Woody Motor Company, BankruptCourt of Appeals for the First Circuit · 1967
- Furber v. DaneMassachusetts Supreme Judicial Court · 1909
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3Cited by4 opinions
- Cash Currency Exchange, Inc. v. Shine (In Re Cash Currency Exchange, Inc.)District Court, N.D. Illinois · 1984
- In Re the Rath Packing Co.United States Bankruptcy Court, N.D. Iowa · 1983
- Penn Terra Ltd. v. Department of Environmental Resources (In Re Penn Terra Ltd.)United States Bankruptcy Court, W.D. Pennsylvania · 1982
- In re: Evelinda Burgos PineroUnited States Bankruptcy Court, D. Puerto Rico · 2019