Legal Opinion
GEC Industries, Inc. v. Colonial Rubber Works, Inc. (In Re GEC Industries, Inc.)
United States Bankruptcy Court, D. Delaware
Decided June 27, 1991No. 19-50135PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HELEN S. BALICK, Bankruptcy Judge.
GEC Industries, Inc., formerly known as Gates Engineering Co. (Gates), brought a turnover/preference action against Colonial Rubber Works, Inc. (Colonial). Gates seeks to recover the value of certain roofing materials purchased from Colonial and which were stored at Colonial’s warehouse facilities. Gates contends that Colonial wrongfully converted bailed goods or, in the alternative, the transfer even if authorized by Gates was a voidable preference under 11 U.S.C. § 547(b). Colonial counters that it obtained a statutory lien over…
2Cases cited17 opinions
- Studley v. Boylston National BankSupreme Court of the United States · 1913
- United States of America on Behalf of Its Agency Internal Revenue Service v. William H. Norton, Carrie W. Norton, F/k/a Carrie A. WoodwardCourt of Appeals for the Third Circuit · 1983
- Neville Chemical Company v. Union Carbide CorporationCourt of Appeals for the Third Circuit · 1970
- In Re Ebbler Furniture and Appliances, Inc., Debtor. Donald Samson, Trustee v. Alton Banking & Trust Co.Court of Appeals for the Seventh Circuit · 1986
- Williams v. American Bank of the Mid-Cities, N.A. (In Re Williams)United States Bankruptcy Court, N.D. Texas · 1986
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3Cited by4 opinions
- In Re CooksUnited States Bankruptcy Court, S.D. Ohio · 1993
- In Re Kellstrom Industries, Inc.United States Bankruptcy Court, D. Delaware · 2002
- In Re CentolellaUnited States Bankruptcy Court, N.D. New York · 1992
- American National Bank v. Joy (In Re Joy)United States Bankruptcy Court, D. Nebraska · 1994