Legal Opinion
Coated Sales, Inc. v. First Eastern Bank, N.A. (In Re Coated Sales, Inc.)
United States Bankruptcy Court, S.D. New York
Decided September 16, 1992No. 18-13988PublishedCited by 63 opinions
1Opinion of the Court
DETERMINATION OF DEBTOR’S SOLVENCY UNDER § 547(b)(3) OF THE BANKRUPTCY CODE
CORNELIUS BLACKSHEAR, Bankruptcy Judge.
BACKGROUND
The debtor, Coated Sales, Inc. (“CSI,” “Debtor” or “Plaintiff”), a specialty textile converting company, was formed in 1974 by Michael Weinstein, Ernest Glantz and Richard Bober. Over the course of five years starting in or about 1983, these three officers concocted a massive fraud involving fictitious invoice billings, false accounts receivable, false customer audit confirmations and nonexisting inventory records. The fraud was uncovered on May 23, 1988, contemporaneous…
2Cases cited31 opinions
- The State of New York v. Shore Realty Corp. And Donald LeograndeCourt of Appeals for the Second Circuit · 1985
- Robert Robinson, Trustee in Bankruptcy of D. C. Sullivan & Co., Inc. v. Watts Detective Agency, Inc., Daniel Sullivan, Billy R. OtteCourt of Appeals for the First Circuit · 1982
- The Inter-State National Bank of Kansas City v. Frank Luther, Trustee, Matter of Garden Grain & Seed Company, Inc., BankruptCourt of Appeals for the Tenth Circuit · 1955
- Richard J. BRIDEN, Appellant, v. Anne FOLEY, Trustee in Bankruptcy, AppelleeCourt of Appeals for the First Circuit · 1985
- In Re Wall Tube & Metal Products CompanyCourt of Appeals for the Sixth Circuit · 1987
26 more not listed; retrieve them via the Exa API.
3Cited by63 opinions
- In Re Roblin Industries, Inc., Debtor. William E. Lawson, Trustee, in Bankruptcy of Roblin Industries, Inc. v. Ford Motor CompanyCourt of Appeals for the Second Circuit · 1996
- Edgewater Medical Center v. Edgewater Property Co. (In Re Edgewater Medical Center)United States Bankruptcy Court, N.D. Illinois · 2007
- Adelphia Recovery Trust v. FPL Group, Inc. (In re Adelphia Communications Corp.)United States Bankruptcy Court, S.D. New York · 2014
- Le Café Creme, Ltd. v. Le Roux (In Re Le Café Creme, Ltd.)United States Bankruptcy Court, S.D. New York · 2000
- Pereira v. Lehigh Savings Bank, SLA (In Re Artha Management, Inc.)United States Bankruptcy Court, S.D. New York · 1994
58 more not listed; retrieve them via the Exa API.