Legal Opinion

In Re MJ Sales & Distributing Co., Inc.

United States Bankruptcy Court, S.D. New York

Decided December 16, 1982No. 13-35288PublishedCited by 42 opinions

1Opinion of the Court

HOWARD SCHWARTZBERG, Bankruptcy Judge.

An anticipated problem, with shades of In re Twist Cap, Inc., 1 B.R. 284 (Bkrtcy.D.Fla.1979) prompts the trustee in bankruptcy to join in the request of the plaintiff, Aetna Casualty & Surety Company, for an order staying litigation pending in the New York State Supreme Court. Aetna is presently being sued by Therm-O-Ware Electric Corporation on a bond assuring payment of any judgment won by Therm-O-Ware against the debtor, M.J. Sales & Distributing Company Inc. Therm-O-Ware now holds a judgment against the debtor. Meanwhile, Aetna commenced a third-party…

2Cases cited10 opinions

  1. National Bank of Newport v. National Herkimer County Bank of Little FallsSupreme Court of the United States · 1912
  2. Liberty Nat. Bank of Roanoke v. BearSupreme Court of the United States · 1924
  3. Page v. First National Bank of MaryLand (In Re Page)District Court, District of Columbia · 1982
  4. Stanndco Developers, Inc. v. HoffenbergCourt of Appeals for the Second Circuit · 1976
  5. First Nat. Bank of Danville v. PhalenCourt of Appeals for the Seventh Circuit · 1932

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3Cited by42 opinions

  1. In the Matter of Compton Corp., Debtor. Walter Kellogg, Trustee v. Blue Quail Energy, Inc., and Mbank Abilene, N.A.Court of Appeals for the Fifth Circuit · 1988
  2. DeRosa v. Buildex Inc. (In Re F & S Central Manufacturing Corp.)United States Bankruptcy Court, E.D. New York · 1985
  3. Braucher v. Continental Illinois National Bank & Trust Co. (In Re Illinois-California Express, Inc.)United States Bankruptcy Court, D. Colorado · 1985
  4. In the Matter of Bill K. Hargis and Marilyn E. Hargis, Debtors. Palmer & Palmer, P.C. v. United States TrusteeCourt of Appeals for the Fifth Circuit · 1989
  5. 48th Street Steakhouse, Inc. v. Rockefeller Center, Inc. (In Re 48th Street Steakhouse, Inc.)United States Bankruptcy Court, S.D. New York · 1986

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