Legal Opinion
In Re Bank of New England Corp.
United States Bankruptcy Court, D. Massachusetts
Decided January 9, 2007No. 19-40026PublishedCited by 3 opinions
1Opinion of the Court
PRELIMINARY DECISION ON REMAND REGARDING THE TRUSTEE’S MOTION FOR ORDER AUTHORIZING A FOURTH INTERIM DISTRIBUTION
WILLIAM C. HILLMAN, Bankruptcy Judge.
Introduction
On May 23, 2001, Dr. Ben S. Branch, Chapter 7 Trustee (the “Trustee”) of Bank of New England Corporation (“BNEC” or “the Company”) moved for authority to make a fourth interim distribution in the amount of $11,000,000 to the creditors of the estate (the “Motion”). As to the recipients of this distribution, the Trustee averred:
Pursuant to the contractual subordination provisions of BNEC’s indentures, the Senior Bondholders have been…
2Cases cited9 opinions
- HSBC Bank USA v. Bank of New EnglandCourt of Appeals for the First Circuit · 2004
- In the Matter of Time Sales Finance Corporation and Its Wholly Owned Subsidiary Corporations, Debtors. Appeal of Central Penn National BankCourt of Appeals for the Third Circuit · 1974
- In Re Kingsboro Mortgage Corp. Bankers Life Co. v. Manufacturers Hanover Trust Co. And Howard F. Sunshine, Trustee in BankruptcyCourt of Appeals for the Second Circuit · 1975
- Midland Insurance Co. v. FriedgoodDistrict Court, S.D. New York · 1984
- Southeast Banking Corp. v. First Trust of New York, National Ass'nNew York Court of Appeals · 1999
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3Cited by3 opinions
- HSBC Bank USA, National Ass'n v. Bank of New York Mellon Trust Co. (In Re Bank of New England Corp.)Court of Appeals for the First Circuit · 2011
- Hacienda Heating & Cooling, Inc. v. United Artists Theatre Circuit, Inc. (In Re United Artists Theatre Co.)United States Bankruptcy Court, D. Delaware · 2009
- In Re Bank of New England Corp.United States Bankruptcy Court, D. Massachusetts · 2009