Legal Opinion
In Re Energy Contractors, Inc.
United States Bankruptcy Court, M.D. Louisiana
Decided December 14, 1984No. 19-10228PublishedCited by 5 opinions
1Opinion of the Court
WESLEY W. STEEN, Bankruptcy Judge.
REASONS FOR JUDGMENT
Mercantile Texas Credit Corporation (“Mercantile”) filed this motion for relief from the stay, asserting an assignment of the Debtor’s pre-petition accounts receivable. The Court has determined to deny the motion for relief from the stay on the grounds that Mercantile’s security interest is invalid and not effective against third parties under Louisiana law. The assignment of accounts receivable is invalid because Mercantile failed to file a proper Statement of Assignment of Accounts Receivable as required by La.R.S. 9:3103.
1. Facts
A.…
2Cases cited1 opinion
- Agrico Chemical Co. v. EK Painting, Inc.Supreme Court of Louisiana · 1983
3Cited by5 opinions
- In Re Lift & Equipment Service, Inc.Court of Appeals for the Fifth Circuit · 1987
- ITT Diversified Credit Corp. v. Lift & Equipment Service, Inc.Court of Appeals for the Fifth Circuit · 1987
- M Credit Corp. v. Energy Contractors Inc. (In re Energy Contractors, Inc.)Court of Appeals for the Fifth Circuit · 1986
- Commercial Helicopters, Inc. v. RepublicBank Dallas, N.A. (In re Commercial Helicopters, Inc.)District Court, M.D. Louisiana · 1986
- In Re Energy Contractors, Inc.Court of Appeals for the Fifth Circuit · 1986