In Re Resource Technology Corp.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
This appeal presents a novel issue: the priority of a claim against the debtor’s estate in a Chapter 7 bankruptcy for damages arising from a tort committed by the debtor during the interval between the appointment of the trustee in bankruptcy and the liquidation a few months later of the bankrupt’s assets that had been the source of the tort.
The dramatis personae (besides the Chapter 7 trustee) are Roti, the claimant; Resource Technology Corporation, the bankrupt (which the parties call “RTC”); and Congress Development Company (“CDC”), like Roti a creditor of the…
2Cases cited18 opinions
- Midlantic National Bank v. New Jersey Department of Environmental ProtectionSupreme Court of the United States · 1986
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- Trustees of the Amalgamated Insurance Fund v. McFarlin's, Inc.Court of Appeals for the Second Circuit · 1986
- Jones v. Searle LaboratoriesIllinois Supreme Court · 1982
- People v. BrockmanIllinois Supreme Court · 1991
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