Legal Opinion
In Re Gibson
United States Bankruptcy Court, N.D. California
Decided June 3, 1999No. 19-50190PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
LESLIE TCHAIKOVSKY, Bankruptcy Judge.
The above-captioned debtors (the “Debtors”) object to the assertion of secured status for a claim filed by United Airlines Employee’s Credit Union (the “Credit Union”), Mr. Gibson’s employer. The claim is based on Mr. Gibson’s Visa card debt (the “Visa Claim”). The Visa Claim must be allowed as a secured claim if a clause contained in a security agreement executed by the Debtors in connection with a subsequent loan (the “Dragnet Clause”) is enforceable. The Dragnet Clause provides that the collateral given for the subsequent loan will…
2Cases cited15 opinions
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
- Williams v. Illinois State Scholarship CommissionIllinois Supreme Court · 1990
- In Re Merritt Dredging Company, Inc., Debtor. Compliance Marine, Inc. v. Kevin Campbell, Trustee--AppelleeCourt of Appeals for the Fourth Circuit · 1988
- Schoenberg v. Exportadora de Sal, S.A. de C.V.Court of Appeals for the Ninth Circuit · 1991
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3Cited by4 opinions
- Mandalay Resort Group v. Miller (In Re Miller)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2003
- Diamond Chapter 7 v. Friedman (In Re Century City Doctors Hospital, LLC)United States Bankruptcy Court, C.D. California · 2012
- In Re JafariUnited States Bankruptcy Court, W.D. Wisconsin · 2007
- In Re KimUnited States Bankruptcy Court, S.D. California · 2000