Legal Opinion
In Re McLean Industries, Inc.
United States Bankruptcy Court, S.D. New York
Decided August 12, 1988No. 19-10713PublishedCited by 16 opinions
1Opinion of the Court
DECISION
HOWARD C. BUSCHMAN, III, Bankruptcy Judge.
The National State Bank of New Jersey (“NSB” or the “Bank”) seeks an order modifying the automatic stay, pursuant to 11 U.S.C. § 362(d), to permit it to offset $400,000, deposited in NSB account No. 200-392-611 (the “Account”) by United States Lines, Inc. (“U.S. Lines”), on the ground that it paid said sum in honoring a letter of credit it issued on behalf of U.S. Lines. To this, United States Lines, one of the debtors and debtors-in-possession in these jointly administered estates, objects on the ground that to permit setoff is inconsistent…
2Cases cited24 opinions
- United States of America on Behalf of Its Agency Internal Revenue Service v. William H. Norton, Carrie W. Norton, F/k/a Carrie A. WoodwardCourt of Appeals for the Third Circuit · 1983
- Cohn v. FisherNew Jersey Superior Court Appellate Division · 1972
- Pepsi Cola Bottling Co. of Dothan v. First National Bank of ColumbusSupreme Court of Georgia · 1981
- US Pipe and Foundry Co. v. Amer. Arbitration Ass'nNew Jersey Superior Court Appellate Division · 1961
- Cameron v. International Alliance of Theatrical Stage EmployesSupreme Court of New Jersey · 1936
19 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- In Re Drexel Burnham Lambert Group Inc.United States Bankruptcy Court, S.D. New York · 1990
- In Re WhitakerUnited States Bankruptcy Court, S.D. Ohio · 1994
- In Re Village Craftsman, Inc.United States Bankruptcy Court, D. New Jersey · 1993
- United States Ex Rel. Internal Revenue Service v. Orlinski (In Re Orlinski)United States Bankruptcy Court, S.D. Georgia · 1991
- In Re ColeUnited States Bankruptcy Court, D. Maryland · 1989
11 more not listed; retrieve them via the Exa API.