Legal Opinion

Dryden Advisory Group, LLC v. Beneficial Mutual Savings Bank (In re Dryden Advisory Group, LLC)

United States Bankruptcy Court, M.D. Pennsylvania

Decided July 30, 2015No. Case No. 1:15-bk-00545MDFPublishedCited by 4 opinions

1Opinion of the Court

OPINION

Mary D. France, Chief Bankruptcy Judge.

Before the Court is the objection of Durham Commercial Capital Corp. (“Durham”) to the motion filed by Dryden Advisory Group, LLC (“Dryden”), the debtor in the within case, for an order approving Dryden’s use of cash collateral. Durham opposes Dryden’s motion as it pertains to certain accounts receivable Durham asserts it purchased under a factoring agreement entered into between the parties before Dryden filed its bankruptcy petition. If Durham is correct, the accounts it purchased are not property of Dryden’s bankruptcy estate.

Dryden counters…

2Cases cited15 opinions

  1. In Re Pacor, Inc. v. John Higgins, Jr. And Louise HigginsCourt of Appeals for the Third Circuit · 1984
  2. Things Remembered, Inc. v. PetrarcaSupreme Court of the United States · 1995
  3. Nuveen Municipal Trust Ex Rel. Nuveen High Yield Municipal Bond Fund v. WithumSmith Brown, P.C.Court of Appeals for the Third Circuit · 2012
  4. In re Grand Union Co.Court of Appeals for the Second Circuit · 1914
  5. Towers Charter & Marine Corporation, Counter-Defendant v. Cadillac Insurance Company, Counter-Plaintiff v. Steven Hoffenberg, Additional on the Counterclaim-AppellantCourt of Appeals for the Second Circuit · 1990

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3Cited by4 opinions

  1. Consumer Fin. Prot. Bureau v. RD Legal Funding, LLCDistrict Court, S.D. Illinois · 2018
  2. CAP CALL, LLC v. FOSTERUnited States Bankruptcy Court, D. Montana · 2020
  3. IVF Orlando, Inc.United States Bankruptcy Court, M.D. Florida · 2025
  4. Official Committee of Unsecured Creditors v. LG Funding, LLCUnited States Bankruptcy Court, D. Nebraska · 2018

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