Legal Opinion
In the Matter of Taxman Clothing Co., Inc., Debtor. Appeal of Arthur Winer, Inc.
Court of Appeals for the Seventh Circuit
Decided August 7, 1990No. 88-3124PublishedCited by 70 opinions
1Opinion of the Court
POSNER, Circuit Judge.
This antique bankruptcy case (it is more than nine years old, yet only involves the liquidation of a modest retail concern) presents an interesting question concerning the value of the debtor’s inventory on the day it made transfers to some of its creditors. Taxman Clothing Company operated a men’s clothing store in Chicago. The store closed its doors on February 21,1981, and a declaration of bankruptcy followed five days later. Early in June the trustee in bankruptcy, having removed the inventory of clothing from the store, auctioned it off, receiving $110,000 from…
2Cases cited15 opinions
- Pullman-Standard v. SwintSupreme Court of the United States · 1982
- Jiri Mucha v. Charles KingCourt of Appeals for the Seventh Circuit · 1986
- In the Matter of Emerald Oil Co., Debtor. William C. Sandoz, Trustee, Cross-Appellant v. Fred Wilson Drilling Company, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1983
- In Re Ebbler Furniture and Appliances, Inc., Debtor. Donald Samson, Trustee v. Alton Banking & Trust Co.Court of Appeals for the Seventh Circuit · 1986
- Richard J. BRIDEN, Appellant, v. Anne FOLEY, Trustee in Bankruptcy, AppelleeCourt of Appeals for the First Circuit · 1985
10 more not listed; retrieve them via the Exa API.
3Cited by70 opinions
- In Re Joseph and Sandra Schaitz, Debtors. Appeal of Gwenn L. Webb and Colton WebbCourt of Appeals for the Seventh Circuit · 1990
- Official Committee of Unsecured Creditors of Toy King Distributors, Inc. v. Liberty Savings Bank, FSB (In Re Toy King Distributors, Inc.)United States Bankruptcy Court, M.D. Florida · 2000
- In Re Mama D'angelo, Inc., Debtor. Duane H. Gillman, Trustee v. Scientific Research Products Inc. Of DelawareCourt of Appeals for the Tenth Circuit · 1995
- Jackson v. Mishkin (In Re Adler, Coleman Clearing Corp.)District Court, S.D. New York · 2001
- Doly v. Chang (In Re Joy Recovery Technology Corp.)United States Bankruptcy Court, N.D. Illinois · 2002
65 more not listed; retrieve them via the Exa API.