Legal Opinion
McColley v. Navaro Gem Ltd. (In Re Candor Diamond Corp.)
United States Bankruptcy Court, S.D. New York
Decided December 11, 1986No. 14-10868PublishedCited by 12 opinions
1Opinion of the Court
TINA L. BROZMAN, Bankruptcy Judge.
This preference action arises out of the notorious Candor Diamond Corp. (Candor) bankruptcy. After stipulating with the defendant, Navaro Gem, Ltd. (Navaro) as to the transactions which occurred between it and Candor, Candor’s bankruptcy trustee (Trustee) rested, relying on the presumption of insolvency. 1 Navaro contends, among other things, that the Trustee has failed to carry his burden of proof on the issues of insolvency and the distribution which Navaro would have received from the bankrupt estate. For the reasons which follow, we hold that the Trustee…
2Cases cited41 opinions
- Inwood Laboratories, Inc. v. Ives Laboratories, Inc.Supreme Court of the United States · 1982
- Clovis Carl Green, Jr. v. Warden, U.S. PenitentiaryCourt of Appeals for the Seventh Circuit · 1983
- Barash v. Public Finance Corp.Court of Appeals for the Seventh Circuit · 1981
- In Re Roco Corporation, D/B/A Standard Supply Company, Debtor. Edward Consove v. Avram CohenCourt of Appeals for the First Circuit · 1983
- Merrill v. Abbott (In Re Independent Clearing House Co.)United States Bankruptcy Court, D. Utah · 1984
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3Cited by12 opinions
- Sierra Steel, Inc. v. Totten Tubes, Inc. (In Re Sierra Steel, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1989
- In Re CromptonUnited States Bankruptcy Court, E.D. Pennsylvania · 1987
- Pereira v. Lehigh Savings Bank, SLA (In Re Artha Management, Inc.)United States Bankruptcy Court, S.D. New York · 1994
- Savage & Associates, P.C. Ex Rel. Teligent, Inc. v. MandlUnited States Bankruptcy Court, S.D. New York · 2008
- Sanyo Electric, Inc. v. Taxel (In Re World Financial Services Center, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1987
7 more not listed; retrieve them via the Exa API.