Legal Opinion

Ris v. Society for Savings (In Re Countdown of Connecticut, Inc.)

United States Bankruptcy Court, D. Connecticut

Decided June 13, 1990No. 19-30320PublishedCited by 8 opinions

1Opinion of the Court

MEMORANDUM AND ORDER ON MOTION FOR SUMMARY JUDGMENT

ALAN H.W. SHIFF, Bankruptcy Judge.

I

On April 7, 1986, the debtor gave the defendant an unsecured $3,000,000.00 promissory note (the “1986 note”) and received a line of credit from the defendant for that amount. On that same date, the debtor and the defendant entered into a “Commercial Revolving Loan Agreement” which specified the terms under which the debtor could draw upon the line of credit. One condition was that if the debtor defaulted, it would grant the defendant a security interest in all of its property.

As of March 19, 1987, the debtor…

2Cases cited15 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
  3. John C. Donahue v. Windsor Locks Board of Fire Commissioners, John R. Colli, Jr., Russell C. Gabrielson, and John R. Colli, IIICourt of Appeals for the Second Circuit · 1987
  4. In the Matter of Donald Eugene Bundles, Debtor-Appellant. In Re Donald Eugene Bundles v. William J. Baker, Indiana National Bank and James C. WellsCourt of Appeals for the Seventh Circuit · 1988
  5. Bankr. L. Rep. P 71,497 in the Matter of John B. Prescott and Janet L. Prescott, Debtors. Appeals of Marine Bank Dane County, Gateway Foods, Inc. & Jerry J. Armstrong, TrusteeCourt of Appeals for the Seventh Circuit · 1986

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3Cited by8 opinions

  1. In Re Kaplan Breslaw Ash, LLCUnited States Bankruptcy Court, S.D. New York · 2001
  2. Southmark Corp. v. Riddle (In Re Southmark Corp.)United States Bankruptcy Court, N.D. Texas · 1992
  3. Stillwater National Bank & Trust Co. v. Kirtley (In Re Solomon)Bankruptcy Appellate Panel of the Tenth Circuit · 2003
  4. Anand v. National Republic Bank (In Re Anand)United States Bankruptcy Court, N.D. Illinois · 1997
  5. Geron v. Palladin Overseas Fund, Ltd. (In Re AppliedTheory Corp.)United States Bankruptcy Court, S.D. New York · 2005

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