Thico Plan, Inc. v. Maplewood Poultry Co. (In Re Maplewood Poultry Co.)
United States Bankruptcy Court, D. Maine
1Opinion of the Court
MEMORANDUM DECISION
CONRAD K. CYR, Bankruptcy Judge.
Thico Plan, Inc. [Thico], an insurance premium finance company, loaned Maplewood Poultry Co. [Maplewood], debtor in possession, the funds with which to pay premiums due Underwriters of Lloyds [Lloyds], the insurer, on three policies of insurance covering real and personal property of the debtor in possession. While the loans were made to Maplewood, the premium advances were remitted directly to Lloyds by Thico under a premium finance agreement purporting to assign and grant a security interest to Thico in unearned premiums, dividends and loss…
2Cases cited12 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Mueller v. NugentSupreme Court of the United States · 1902
- In Re Cushman Bakery and Cushman Baking Company. Appeal of Jacob Agger, TrusteeCourt of Appeals for the First Circuit · 1976
- Kreisher v. SpiegelCourt of Appeals for the Second Circuit · 1923
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3Cited by28 opinions
- American Bank & Trust Co. v. Jardine Insurance Services Texas, Inc.Court of Appeals for the Tenth Circuit · 1997
- Wheeling & Lake Erie Railway Co. v. KeachCourt of Appeals for the First Circuit · 2015
- Limor v. Weinstein & Sutton (In Re SMEC, Inc.)District Court, M.D. Tennessee · 1993
- Comerica Bank-Ann Arbor, N.A. v. Sutherland (In Re Duke Roofing Co.)District Court, E.D. Michigan · 1985
- Drabkin v. A. I. Credit Corp. (In Re Auto-Train Corp.)District Court, District of Columbia · 1981
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