Legal Opinion
Stuhley v. United States Small Business Administration (In Re United Medical Research, Inc.)
United States Bankruptcy Court, C.D. California
Decided August 6, 1981No. Bankruptcy No. BK 79-02279, Adv. No. QPublishedCited by 28 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
PETER M. ELLIOTT, Bankruptcy Judge.
This proceeding was tried and submitted for decision on July 15, 1981.
The issue presented is whether the trustee of the bankrupt corporation is entitled to an order marshaling the assets of the personal guarantors of the United Medical Research (“UMR”) indebtedness to the Small Business Administration (“SBA”) and requiring the SBA to first foreclose upon the properties pledged by the guarantors before seeking satisfaction out of the corporate assets.
On or about January 19, 1977 UMR borrowed $350,000.00 from Tokai Bank. This loan was…
2Cases cited6 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- Stowers v. MahonCourt of Appeals for the Fifth Circuit · 1976
- John v. Rowan v. United StatesCourt of Appeals for the Fifth Circuit · 1955
- In Re Jack Green's Fashions For Men Big And Tall, Inc.Court of Appeals for the Eighth Circuit · 1979
- Farmers & Merchants Bank v. GibsonUnited States Bankruptcy Court, N.D. Florida · 1980
1 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Fundex Capital Corp. v. Balaber-Strauss (In Re Tampa Chain Co.)United States Bankruptcy Court, S.D. New York · 1985
- Peoples Bank of Tuscaloosa v. Computer Room, Inc. (In Re Computer Room, Inc.)United States Bankruptcy Court, N.D. Alabama · 1982
- Chittenden Trust Co. v. Sebert Lumber, Co. (In Re Vermont Toy Works, Inc.)United States Bankruptcy Court, D. Vermont · 1987
- In Re Elsinore Shore AssociatesUnited States Bankruptcy Court, D. New Jersey · 1988
- Matter of Multiple Services Industries, Inc.United States Bankruptcy Court, E.D. Wisconsin · 1982
23 more not listed; retrieve them via the Exa API.