Legal Opinion
In Re May Lee Industries, Inc.
District Court, S.D. New York
Decided July 19, 1974No. 74 B 166PublishedCited by 19 opinions
1Opinion of the Court
ROBERT J. WARD, District Judge.
This is an expedited appeal by May Lee Industries, Inc. (“May Lee” or “the debtor”), the debtor-in-possession under Chapter XI of the Bankruptcy Act, 11 U.S.C. § 701 et seq., from a determination of Bankruptcy Judge John J. Gal-gay that the Chartered Bank (“Chartered”) and Chemical Bank (“Chemical”) (together “the banks”) have valid perfected security interests in assets of the debtor. For the reasons hereinafter stated, the order of the Bankruptcy Court is affirmed.
On February 11, 1974, May Lee filed a voluntary petition in bankruptcy under Chapter XI.…
2Cases cited2 opinions
- In the Matter of Royal Electrotype Corporation, Debtor. Appeal of Alex Shaw and Catherine Shaw, Under Reclamation PetitionCourt of Appeals for the Third Circuit · 1973
- In Re LabbDistrict Court, W.D. New York · 1941
3Cited by19 opinions
- McMillin v. First National Bank & Trust Co.District Court, W.D. Oklahoma · 1975
- In Re HammonsDistrict Court, S.D. Mississippi · 1977
- General Motors Acceptance Corp. v. WaligoraDistrict Court, W.D. New York · 1982
- In Re DG & Associates, Inc.United States Bankruptcy Court, E.D. Tennessee · 1981
- In Re Air Vermont, Inc.United States Bankruptcy Court, D. Vermont · 1984
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