Legal Opinion

NTA, LLC v. Concourse Holding Co.

Court of Appeals for the First Circuit

Decided August 19, 2004No. 03-2586PublishedCited by 20 opinions

1Opinion of the Court

LIPEZ, Circuit Judge.

Appellants NTA' and NTA II placed their primary assets, the Membership Interests in a company, into an escrow account as part of an agreement to avoid foreclosure by a lender, appellee Concourse Holding Company. Appellants subsequently filed for bankruptcy under Chapter 11. They now claim that the Membership Interests placed in escrow are part of the bankruptcy estate and not the property of the appellee. Both the bankruptcy court and the district court ruled that the escrowed assets were not part of the bankruptcy estate and were properly distributed from escrow to the…

2Cases cited16 opinions

  1. Butner v. United StatesSupreme Court of the United States · 1979
  2. In Re N.S. Garrott & Sons and Eastern Arkansas Planting Company, a Joint Venture. N.S. Garrott & Sons, an Arkansas General Partnership, Eastern Arkansas Planting Company, an Arkansas General Partnership v. Union Planters National Bank of Memphis and Crittenden Abstract & Title Co., Inc. Chicago Title Insurance Company, Intervenor, in Re N.S. Garrott & Sons and Eastern Arkansas Planting Company, a Joint Venture. N.S. Garrott & Sons, an Arkansas General Partnership, Eastern Arkansas Planting Company, an Arkansas General Partnership v. Union Planters National Bank of Memphis, Crittenden Abstract & Title Co., Inc., Chicago Title Insurance Company, IntervenorCourt of Appeals for the Eighth Circuit · 1985
  3. Georgia Pacific Corporation v. Sigma Service CorporationCourt of Appeals for the Fifth Circuit · 1983
  4. Hershey v. Donaldson, Lufkin & Jenrette Securities Corp.Court of Appeals for the First Circuit · 2003
  5. Gulf Petroleum, S.A. v. Luis G. Collazo, Trustee in BankruptcyCourt of Appeals for the First Circuit · 1963

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3Cited by20 opinions

  1. Abboud v. Ground Round, Inc. (In Re Ground Round, Inc.)Court of Appeals for the First Circuit · 2007
  2. Keach v. Wheeling & Lake Erie Ry. Co. (In Re Montreal, Maine & Atl. Railway, Ltd.)Court of Appeals for the First Circuit · 2018
  3. Dalton Hydro LLC v. Town of DaltonSupreme Court of New Hampshire · 2005
  4. TD Bank, N.A. v. LaPointeBankruptcy Appellate Panel of the First Circuit · 2014
  5. Allied Mechanical Services, Inc. v. National Labor Relations BoardCourt of Appeals for the D.C. Circuit · 2012

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