Legal Opinion
In the Matter of Plantation Acceptance Corporation, Debtor. Heller Financial, Inc. v. Plantation Acceptance Corp.
Court of Appeals for the Fifth Circuit
Decided February 5, 1988No. 86-3891PublishedCited by 3 opinions
1Opinion of the Court
POLITZ, Circuit Judge:
The bankruptcy court dismissed the petition for involuntary bankruptcy which Heller Financial, Inc. filed against Plantation Acceptance Corporation (PAC). On appeal the district court reversed the judgment of dismissal and remanded for further proceedings. PAC appeals. We find neither error of fact nor error of law and affirm.
Background
On September 23, 1976 Heller and PAC executed an agreement 1 pursuant to which Heller loaned PAC funds for the operation of PAC’s consumer credit business. PAC secured the loans by pledging its accounts receivable, consisting of negotiable…
2Cases cited7 opinions
- MacK Trucks, Inc. v. MageeLouisiana Court of Appeal · 1962
- Fruehauf Trailer Division, Fruehauf Corp. v. ToupsLouisiana Court of Appeal · 1970
- Haydel v. ClarkLouisiana Court of Appeal · 1977
- AMERICAN SEC. BANK OF VILLE PLATTE v. DufourLouisiana Court of Appeal · 1985
- FIRST NAT. BANK OF WEST MONROE v. PickensLouisiana Court of Appeal · 1985
2 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
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- Federal Deposit Ins. Corp. v. CLR PARTNERSHIPDistrict Court, M.D. Louisiana · 1988