Legal Opinion

In Re Drexel Burnham Lambert Group Inc.

United States Bankruptcy Court, S.D. New York

Decided February 19, 1993No. 19-09009PublishedCited by 11 opinions

1Opinion of the Court

MEMORANDUM OF DECISION ON OBJECTION TO CLAIM UNDER THE NEW YORK ABANDONED PROPERTY LAW

FRANCIS G. CONRAD, Bankruptcy Judge. *

The issues presented 1 include whether Comptroller’s right to pre-petition and post-petition abandoned property under the New York Abandoned Property Law (NYAPL) is pre-empted by the Federal Bankruptcy Laws; and whether Comptroller filed a timely and valid customer property proof of claim.

We hold that Comptroller’s right to property deemed abandoned post-petition under the NYAPL is disallowed because it does not constitute a valid pre-petition claim. Nor may Comptroller…

2Cases cited7 opinions

Louisiana Pub. Serv. Comm'n v. FCCSupreme Court of the United States · 1986
In the Matter of Emil Stavriotis and Judith Stavriotis, Debtors. Appeal of United States of AmericaCourt of Appeals for the Seventh Circuit · 1992
In Re W.T. Grant Co.United States Bankruptcy Court, S.D. New York · 1985
In Re Drexel Burnham Lambert Group Inc.United States Bankruptcy Court, S.D. New York · 1993
Bankr. L. Rep. P 71,659 in Re Berry Estates, Inc., D/B/A Blueberry Hill Management Corp., Debtor. Berry Estates, Inc. v. State of New York, Hon. Edward Regan, Comptroller of the State of New York, State Capitol v. Berry Estates, Inc.Court of Appeals for the Second Circuit · 1987

2 more not listed; retrieve them via the Exa API.

3Cited by11 opinions

In Re Enron Corp.United States Bankruptcy Court, S.D. New York · 2003
Houbigant, Inc. v. ACB Mercantile, Inc. (In Re Houbigant, Inc.)United States Bankruptcy Court, S.D. New York · 1995
In Re Andover Togs, Inc.United States Bankruptcy Court, S.D. New York · 1999
Maxwell Macmillan Realization Liquidating Trust v. Aboff (In re Macmillan Inc.)United States Bankruptcy Court, S.D. New York · 1995
In Re Enron Corp.United States Bankruptcy Court, S.D. New York · 2005

6 more not listed; retrieve them via the Exa API.