Legal Opinion
Michigan National Bank of Detroit v. McCormick (In Re McCormick)
United States Bankruptcy Court, E.D. Michigan
Decided January 20, 1983No. 16-21292PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
GEORGE E. WOODS, Bankruptcy Judge.
This matter is before the Court on the motion of Michigan National Bank of Detroit (MNBD) for partial summary judgment.
In 1974, William E. McCormick, the debt- or, was vice president and 50% shareholder of Mariner Yacht Sales. MNBD floor planned Mariner Yacht Sales inventory of boats. Additionally, MNBD purchased from Mariner Yacht Sales installment contracts for the sale of boats.
In late 1977, the debtor fell behind in the payment of loans held by MNBD. On October 27, 1977, MNBD accelerated all indebtedness owed on retail…
2Cases cited8 opinions
- Hughes v. Judges' Retirement BoardMichigan Supreme Court · 1979
- Mallchok v. Liquor Control CommissionMichigan Court of Appeals · 1976
- Matto's, Inc. v. Olde Colonie Place (In Re Matto's, Inc.)United States Bankruptcy Court, E.D. Michigan · 1981
- Andrews v. City of Rochester (In Re Rudy's Inc.)United States Bankruptcy Court, E.D. Michigan · 1981
- City Finance Co. v. KloostraMichigan Court of Appeals · 1973
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- In Re MoissonUnited States Bankruptcy Court, E.D. Michigan · 1985
- Harris v. Michigan National Bank-Valley (In Re Gullifor)District Court, E.D. Michigan · 1985
- In Re O'neill's Shannon VillageCourt of Appeals for the Eighth Circuit · 1984
- Peterson v. Old Kent Bank & Trust Co. (In Re Beefeaters, Inc.)United States Bankruptcy Court, W.D. Michigan · 1983
- Kempf v. Internal Revenue Service (In Re American Way Food Service Corp.)United States Bankruptcy Court, W.D. Michigan · 1985
4 more not listed; retrieve them via the Exa API.