Legal Opinion

Credit Alliance Corp. v. Nixon MacHinery Co. (In Re Nixon MacHinery Co.)

United States Bankruptcy Court, E.D. Tennessee

Decided February 25, 1981No. Bankruptcy No. 1-80-00779, Adv. No. 1-80-0170PublishedCited by 18 opinions

1Opinion of the Court

MEMORANDUM

RALPH H. KELLEY, Bankruptcy Judge.

Credit Alliance, the plaintiff, commenced this proceeding to obtain relief from the automatic stays so that it could repossess five machines in possession of the debtor, Nixon Machinery. The court decided that Nixon Machinery should be allowed to retain the five machines for a limited period of time so that it might sell or lease them. In connection with that decision, Credit Alliance has made a request for adequate protection of its interests, which is the subject of this memorandum.

Nixon earlier contended that it had equity in four of the…

2Cases cited2 opinions

  1. Heritage Savings & Loan Ass'n v. Rogers Development Corp. (In Re Rogers Development Corp.)United States Bankruptcy Court, E.D. Virginia · 1980
  2. Castle Ranch I, Ltd. v. Castle Ranch of Ramona, Inc. (In Re Castle Ranch of Ramona, Inc.)United States Bankruptcy Court, S.D. California · 1980

3Cited by18 opinions

  1. In Re Briggs Transportation Company, Debtor. Lend Lease, a Division of National Car Rental Systems, Inc. v. Briggs Transportation Company, in Re Briggs Transportation Company, Debtor. General Motors Acceptance Corporation v. Briggs Transportation CompanyCourt of Appeals for the Eighth Circuit · 1986
  2. In Re Timbers Of Inwood Forest Associates, Ltd.Court of Appeals for the Fifth Circuit · 1986
  3. Metropolitan Life Insurance v. Monroe Park (In Re Monroe Park)District Court, D. Delaware · 1982
  4. Crocker National Bank v. American Mariner Industries, Inc. (In Re American Mariner Industries, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1983
  5. Philadelphia Consumer Discount Co. v. Commercial Credit Business Loans, Inc. (In Re Philadelphia Consumer Discount Co.)District Court, E.D. Pennsylvania · 1984

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