In Re National Finance Corp.
United States Bankruptcy Court, D. Rhode Island
1Opinion of the Court
DECISION ON APPLICATIONS FOR FEES
ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.
Several applications for compensation are before the Court in this “Old Act” case, which has been pending since August 24, 1977, when National Finance Corporation filed a Chapter XI petition.
The first paragraph of the petition states that the bankrupt company was “in the business of consumer loans.” Many of the bankrupt’s creditors are not typical business trade creditors, but elderly local people, subordinated debenture holders, who were expecting the return on their “investments” to carry them through their…
2Cases cited9 opinions
- Mitchell G. King, Jr. v. Milton GreenblattCourt of Appeals for the First Circuit · 1977
- John Furtado v. Harold BishopCourt of Appeals for the First Circuit · 1980
- Randolph v. ScruggsSupreme Court of the United States · 1903
- In The Matter Of U.S. Golf CorporationCourt of Appeals for the Fifth Circuit · 1981
- Central Trust Co. v. Official Creditors' Committee of Geiger Enterprises, Inc.Supreme Court of the United States · 1982
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