Legal Opinion
Mattes v. American Acceptance Corp.
District Court, M.D. Pennsylvania
Decided June 14, 1961No. Civ. A. No. 5415PublishedCited by 3 opinions
1Opinion of the Court
JOHN W. MURPHY, Chief Judge.
In this non-jury proceeding plaintiff as trustee in bankruptcy of Carpet Center, Inc.,1 seeks to recover alleged prefer*27enees allowed in violation of § 60 of the Bankruptcy Act as amended, 11 U.S.C.A. § 96.2
December 1, 1950, Carpet Center, as a borrower, entered into a Limited Factor Lien Agreement with American Acceptance Corporation, a factor, and BigelowSanford Carpet Company, Inc., a supplier. In return for advances made by American to enable Carpet Center to purchase carpets from Bigelow, American, as security, was to have a factor’s lien upon all merchandise…
2Cases cited9 opinions
- Benedict v. RatnerSupreme Court of the United States · 1925
- McKenzie v. Irving Trust Co.Supreme Court of the United States · 1945
- Joseph Cohen, as Trustee in Bankruptcy of New York Investors Mutual Group, Inc., Bankrupt v. Ida SutherlandCourt of Appeals for the Second Circuit · 1958
- In Re RosenCourt of Appeals for the Third Circuit · 1946
- Mansfield Lumber Co. v. SternbergCourt of Appeals for the Eighth Circuit · 1930
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3Cited by3 opinions
- Thomas v. Gulfway Shopping Center, Inc.District Court, S.D. Texas · 1970
- Mattes v. American Acceptance Corp.Court of Appeals for the Third Circuit · 1962
- Roger Mattes, as Trustee in Bankruptcy of Carpet Center, Inc., Bankrupt v. American Acceptance CorporationCourt of Appeals for the Third Circuit · 1962