Legal Opinion
Matter of Trans-High Corp.
United States Bankruptcy Court, S.D. New York
Decided March 19, 1980No. 19-10028PublishedCited by 24 opinions
1Opinion of the Court
DECISION OF ISSUES RAISED ON TRIAL OF INVOLUNTARY PETITION
EDWARD J. RYAN, Bankruptcy Judge.
On January 22, 1980, Paper Sales Corporation (PSC) filed an involuntary petition seeking relief against Trans-High Corporation (THC) under Chapter 11 of the Bankruptcy Code. PSC alleged that THC had less than twelve creditors and was not generally paying its debts as such debts became due.
After preliminary skirmishing, the matter was set down for trial of the issue whether the debtor, at the time of the filing of the petition, was generally not paying its debts as such debts became due. In the interim,…
2Cases cited4 opinions
- Myron M. Navison Shoe Co. v. Lane Shoe Co.Court of Appeals for the First Circuit · 1929
- Private Frank L. Huff v. Secretary of the NavyCourt of Appeals for the D.C. Circuit · 1978
- Sun-Lite Awning Corp. v. E. J. Conklin Aviation Corp.Court of Appeals for the Fourth Circuit · 1949
- Continental Automobile Leasing Systems, Inc. v. Crofoot, Nielsen & Co.Court of Appeals for the Seventh Circuit · 1963
3Cited by24 opinions
- Matter of 7H Land & Cattle Co.United States Bankruptcy Court, D. Nevada · 1980
- Matter of Luftek, Inc.United States Bankruptcy Court, E.D. New York · 1980
- In Re Complaint as to Conduct of DeversOregon Supreme Court · 1999
- Matter of Win-Sum Sports, Inc.United States Bankruptcy Court, D. Connecticut · 1981
- Hamilton Creek Metropolitan District v. Bondholders Colorado Bondshares (In Re Hamilton Creek Metropolitan District)Court of Appeals for the Tenth Circuit · 1998
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