Gas Power Machinery Co. v. Wisconsin Trust Co.
Court of Appeals for the Seventh Circuit
Appeal from the District Court of the United States for the Eastern District of Wisconsin. In the matter of the Wisconsin Engine Company, bankrupt. From a judgment of the District Court, reversing the order of the Wisconsin Trust Company, trustee in bankruptcy, allowing the claim of the Gas Power Machinery Company, the latter appeals.
1Opinion of the Court
MACK, Circuit Judge.
A claim on three negotiable promissory notes, all dated January 1, 1912, one for $2,500, which matured January 1, 1913, and two for $5,000 and $3,750, respectively, maturing January 1, 1914, and January 1, 1915, all payable to appellant, was allowed by the referee for $10,537.51, their discounted value as of January 21, 1913, the date bankruptcy proceedings were begun, over objections going to the validity both of the entire claim and of so much thereof as was not earned before bankruptcy. This order was reversed by the District Court, and the claim allowed for the pro…
2Cases cited3 opinions
- Atkins v. WilcoxCourt of Appeals for the Fifth Circuit · 1900
- Sangamon Loan & Trust Co. v. United Shoe Machinery Co.Court of Appeals for the Seventh Circuit · 1915
- Chicago Auditorium Ass'n v. Central Trust Co.Court of Appeals for the Seventh Circuit · 1914
3Cited by9 opinions
- In Re Loewen Group International, Inc.United States Bankruptcy Court, D. Delaware · 2002
- Franklin High Yield Tax-Free Income Fund v. City of Stockton (In Re City of Stockton)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2015
- Schoenfeld v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Ninth Circuit · 1939
- In Re Tidy House Products Co.District Court, S.D. Iowa · 1948
- In Re Oakwood Homes Corp.Court of Appeals for the Third Circuit · 2006
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