Legal Opinion
ITT Diversified Credit Corp. v. Lift & Equipment Service, Inc.
Court of Appeals for the Fifth Circuit
Decided April 30, 1987No. 86-3086PublishedCited by 3 opinions
1Opinion of the Court
POLITZ, Circuit Judge:
The trustee of the bankruptcy estate of Lift & Equipment Service, Inc. appeals the judgment of the district court affirming the bankruptcy court’s recognition of a creditor’s security interest in certain accounts receivable. Finding no error in the rulings on the merits, and after modifying the award of interest, we affirm.
Background
On November 6, 1979, ITT Diversified Credit Corporation opened a line of credit in favor of Lift & Equipment Service, Inc. The line of credit was secured by a collateral chattel mortgage and an assignment of accounts receivable, the latter…
2Cases cited11 opinions
- In Re Delta Services Industries, Etc., Debtor. Foster Securities, Inc. v. W. Simmons Sandoz, Etc.Court of Appeals for the Fifth Circuit · 1986
- In the Matter of Richard Lee Fox and Marlyce Kay Fox, Debtors. Appeal of Peter F. Herrell, Trustee in BankruptcyCourt of Appeals for the Seventh Circuit · 1985
- Giannakos v. M/V Bravo TraderCourt of Appeals for the Fifth Circuit · 1985
- Investment Service Co., an Oregon Corporation v. Allied Equities Corporation, a Nevada CorporationCourt of Appeals for the Ninth Circuit · 1975
- Bankr. L. Rep. P 70,373 in Re Goldblatt Bros., Inc., the Firestone Tire & Rubber Company v. Goldblatt Bros., Inc.Court of Appeals for the Seventh Circuit · 1985
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3Cited by3 opinions
- Pate v. Hunt (In Re Hunt)United States Bankruptcy Court, N.D. Texas · 1991
- In Re Lift & Equipment Service, Inc.Court of Appeals for the Fifth Circuit · 1987
- Westinghouse Credit Corp. v. D'UrsoCourt of Appeals for the Second Circuit · 2004