Legal Opinion
In re the General Assignment for Benefit of Creditors of Bert Lansman & Sons, Inc.
New York County Courts
Decided December 5, 1979Published
1Opinion of the Court
OPINION OF THE COURT
John V. Vaughn, J.
In this assignment for the benefit of creditors, the principal and president of the assignor debtor corporation moves for an *335order directing the assignee to pay and discharge a $20,000 debt owed by the assignor to the National Bank of North America.
From the record before the court, it appears that the assignor had obtained a secured loan from the National Bank of North America with a balance due of approximately $20,000, and that the repayment of this loan had been guaranteed by the assignor’s president, the movant in this proceeding. The financing…
2Cases cited11 opinions
- Cherno v. Bank of BabylonNew York Supreme Court · 1967
- In re the General Assignment for the Benefit of Creditors of John C. Creveling & Son Corp.Appellate Division of the Supreme Court of the State of New York · 1940
- Durant v. . PiersonNew York Court of Appeals · 1891
- Matter of John C. Creveling Son CorporationNew York Court of Appeals · 1940
- Cherno v. Bank of BabylonAppellate Division of the Supreme Court of the State of New York · 1968
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