In Re Cara Corp.
United States Bankruptcy Court, E.D. Pennsylvania
1Opinion of the Court
MEMORANDUM
DAVID A. SCHOLL, Bankruptcy Judge.
At issue is the validity of a security interest claimed by Continental Bank (“the Bank”) in the accounts receivable and other general intangibles of CARA CORPORATION (“the Debtor”).
The secured indebtedness, asserted to be $259,800.68 in the Bank’s proof of claim, is based upon loans made on July 18, 1984, and August 26, 1986. The requisite financing statement was recorded on November 17, 1983 (“the 1983 Financing Statement”), and was based upon a loan agreement of January 3, 1973 (“the 1973 Agreement”), which had been liquidated in January, 1983.…
2Cases cited8 opinions
- In the Matter of Bollinger Corporation, Bankrupt. Appeal of Carl L. Bigler, Trustee for Bollinger CorporationCourt of Appeals for the Third Circuit · 1980
- In Re MorrisonUnited States Bankruptcy Court, E.D. Pennsylvania · 1987
- In Re Gilchrist CompanyDistrict Court, E.D. Pennsylvania · 1975
- In Re Compass Marine Corp.United States Bankruptcy Court, E.D. Pennsylvania · 1992
- In Re ShapiroUnited States Bankruptcy Court, E.D. Pennsylvania · 1990
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3Cited by4 opinions
- Allegheny-Ludlum Brackenridge Federal Credit Union, Movant v. Fassinger (In Re Fassinger)United States Bankruptcy Court, W.D. Pennsylvania · 2000
- Lease-A-Fleet, Inc. v. University Cadillac, Inc. (In Re Lease-A-Fleet, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1993
- In Re GibsonUnited States Bankruptcy Court, E.D. Pennsylvania · 2000
- Rutledge v. Verdigris Valley Economic Development Corp. (In Re Tulsa Industrial Facilities, Inc.)United States Bankruptcy Court, N.D. Oklahoma · 1995