Legal Opinion
In the Matter of MORSE ELECTRIC COMPANY, INC., Debtor. Appeal of HOOSIER FENCE COMPANY, INC.
Court of Appeals for the Seventh Circuit
Decided November 4, 1986No. 86-1099PublishedCited by 117 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
This is a bankruptcy case. Morse Electric Co., the bankrupt, took part in the construction of a toll plaza and utility building on the Indiana Toll Road. The project was covered by a performance bond, as state law required. The bond secures payment to suppliers that “furnished material or other service in the construction of any highway”, Ind. Code § 8-13-5-9.2. The parties have treated claims against the bond as secured claims for purposes of bankruptcy law.
When Morse filed its petition in bankruptcy, it was owed a substantial sum for its work on the highway and…
2Cases cited14 opinions
- Matter of Cash Currency Exchange, Inc., Debtors. Cash Currency Exchange, Inc. v. Donald C. Shine, ReceiverCourt of Appeals for the Seventh Circuit · 1985
- Norton Sarnoff and Carl Fletcher, and v. American Home Products Corporation, Defendant-Appellant-AppelleeCourt of Appeals for the Seventh Circuit · 1986
- In re Saco Local Development Corp.Court of Appeals for the First Circuit · 1983
- In the Matter of Leslie BOOMGARDEN, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1985
- Exchange National Bank of Chicago v. Harold Daniels and Irene DanielsCourt of Appeals for the Seventh Circuit · 1985
9 more not listed; retrieve them via the Exa API.
3Cited by117 opinions
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- In the Matter of JAMES WILSON ASSOCIATES, Debtor. Appeals of METROPOLITAN LIFE INSURANCE COMPANYCourt of Appeals for the Seventh Circuit · 1992
- 17 Collier bankr.cas.2d 230, Bankr. L. Rep. P 71,695 in the Matter of Xonics, Inc., Debtors. Elscint, Inc., and Elscint Imaging, Inc. v. First Wisconsin Financial CorporationCourt of Appeals for the First Circuit · 1987
- In Re Jartran, Inc., Debtor. Fruehauf Corporation v. Jartran, Inc.Court of Appeals for the Seventh Circuit · 1989
112 more not listed; retrieve them via the Exa API.