Legal Opinion
In re Cain
District Court, N.D. Texas
Decided October 23, 1968No. BK-5-139PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER:
WOODWARD, District Judge.
The Small Business Administration advanced the sum of $15,000.00 on the promissory note of Alton Cain, of which there is $11,472.44 now due. Cain has been adjudged a bankrupt.
To secure the indebtedness, the bankrupt had previously given a lien to the Small Business Administration on miscellaneous assets and about $277.50 has been realized from the sale thereof by the Trustee. In addition to this lien, the bankrupt assigned his ownership interest in three life insurance policies, all of which would be exempt from the *2claims of creditors in…
2Cases cited8 opinions
- Lockwood v. Exchange BankSupreme Court of the United States · 1903
- In re BaileyDistrict Court, D. Utah · 1910
- Feder v. John Engelhorn & SonsCourt of Appeals for the Second Circuit · 1953
- In re MeredithDistrict Court, N.D. Georgia · 1906
- In Re AndersonDistrict Court, D. Minnesota · 1926
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3Cited by2 opinions
- In the Matter of Willis R. Gifford and Jacqueline M. Gifford, Bankrupts. Appeal of Thorp Finance Corporation, United States of America, Intervenor-AppelleeCourt of Appeals for the Seventh Circuit · 1982
- In re GiffordCourt of Appeals for the Seventh Circuit · 1982