In Re American International Airways, Inc.
United States Bankruptcy Court, E.D. Pennsylvania
1Opinion of the Court
OPINION
WILLIAM A. KING, Jr., Bankruptcy Judge.
Funds representing rental proceeds from the lease of a Boeing Model 727-023 aircraft have been paid into the Court pursuant to an interpleader motion. Both the Trustee of American International Airways, Inc. (“AIA”), and the owner of the aircraft claim they are entitled to receive the funds. For the reasons stated herein, we find that the interpleader funds are subject to a constructive trust in favor of the owner. We will enter an order releasing the funds to the owner of the aircraft.
FACTS 1
Maxwell J. Goldberg (“Goldberg”) is the owner of a…
2Cases cited11 opinions
- Georgia Pacific Corporation v. Sigma Service CorporationCourt of Appeals for the Fifth Circuit · 1983
- In the Matter of Kennedy & Cohen, Inc. State of Wisconsin v. Melvin Reese, TrusteeCourt of Appeals for the Fifth Circuit · 1980
- D'ippolito v. CastoroSupreme Court of New Jersey · 1968
- Moses v. MosesSupreme Court of New Jersey · 1947
- Travelers Insurance Co. v. Angus (In Re Angus)United States Bankruptcy Court, D. Oregon · 1981
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- In Re Kulzer Roofing, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1992
- Dynaforce Corp. v. Temp-Way Corp. (In Re Temp-Way Corp.)United States Bankruptcy Court, E.D. Pennsylvania · 1987
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