Legal Opinion
In Re Custer
United States Bankruptcy Court, D. Connecticut
Decided July 14, 1988No. 19-50265PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OF DECISION AND ORDER ON OBJECTION TO TRUSTEE’S PROPOSED DISTRIBUTION OF SALE PROCEEDS
ALAN H.W. SHIFF, Bankruptcy Judge.
At issue is whether a creditor with two mortgages may compel the allocation of sale proceeds to maximize payment of its claims at the expense of a lienholder with an intervening security interest. The following relevant facts are undisputed. 1
I
On November 13,1986, the debtor filed a voluntary petition for relief under chapter 7 of the Bankruptcy Code. On July 21, 1987, an order entered, granting the trustee’s motion (contested motion No. 5-87-0132) to sell the…
2Cases cited11 opinions
- National Bank of the Commonwealth v. Mechanics' National BankSupreme Court of the United States · 1877
- First National Bank in Palm Beach, of the Will of Frederick S. Holmes v. United States of America, J. W. Perry, Third-PartyCourt of Appeals for the First Circuit · 1979
- American Woolen Co. v. MaagetSupreme Court of Connecticut · 1912
- Nichols v. CulverSupreme Court of Connecticut · 1883
- Edmund Luksus v. United Pacific Insurance Co., a Washington CorporationCourt of Appeals for the Seventh Circuit · 1971
6 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Gerwer v. Salzman (In Re Gerwer)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2000
- Yankee Bank for Finance & Savings v. Task Associates, Inc.District Court, N.D. New York · 1992
- Automotive Finance Corp. v. Barthelmes (In Re Barthelmes)United States Bankruptcy Court, D. South Carolina · 2004
- In Re BoanUnited States Bankruptcy Court, D. Colorado · 2004
- Vera T. Welte Testamentary TrustUnited States Bankruptcy Court, N.D. Iowa · 2021