Legal Opinion
Matter of Cash Currency Exchange, Inc., Debtors. Cash Currency Exchange, Inc. v. Donald C. Shine, Receiver
Court of Appeals for the Seventh Circuit
Decided May 21, 1985No. 84-1340PublishedCited by 200 opinions
1Opinion of the Court
HARLINGTON WOOD, Jr., Circuit Judge.
This appeal raises the novel issue whether community currency exchanges, which are engaged in the businesses of cashing checks and money orders for a fee and selling or issuing money orders, may be debtors under the Bankruptcy Code.
On February 10,1983, fifty-seven currency exchange corporations filed voluntary petitions for reorganization under chapter 11 of the Bankruptcy Code. Thirty-three of these currency exchanges were located in Illinois. One week before the filing of these chapter 11 petitions, the thirty-three Illinois currency exchanges had been…
2Cases cited29 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Coopers & Lybrand v. LivesaySupreme Court of the United States · 1978
- Burford v. Sun Oil Co.Supreme Court of the United States · 1943
- Liberty Mutual Insurance v. WetzelSupreme Court of the United States · 1976
- International Shoe Co. v. PinkusSupreme Court of the United States · 1929
24 more not listed; retrieve them via the Exa API.
3Cited by200 opinions
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- 17 Collier bankr.cas.2d 230, Bankr. L. Rep. P 71,695 in the Matter of Xonics, Inc., Debtors. Elscint, Inc., and Elscint Imaging, Inc. v. First Wisconsin Financial CorporationCourt of Appeals for the First Circuit · 1987
- In Re Marvel Entertainment Group, Inc.Court of Appeals for the Third Circuit · 1998
- In Re Jartran, Inc., Debtor. Fruehauf Corporation v. Jartran, Inc.Court of Appeals for the Seventh Circuit · 1989
- Salem, Maurice J. v. Neshewat, MichaelCourt of Appeals for the Seventh Circuit · 2006
195 more not listed; retrieve them via the Exa API.