Legal Opinion
Collated Products Corp. v. United Jersey Bank/Central, N.A. (In re Collated Products Corp.)
United States Bankruptcy Court, D. Delaware
Decided March 19, 1990No. Bankruptcy No. 89-479; Adv. No. 89-101PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HELEN S. BALICK, Bankruptcy Judge.
This is a declaratory judgment action on an issue pertinent to another lawsuit between the parties presently scheduled for trial. See 28 U.S.C. § 2201. Collated Products Corporation, a Chapter 11 debtor, seeks a determination as to whether United Jersey Bank has a security interest in $329,767 deposited in Collated’s “commingled” operating account at the Delaware Trust Company. It does not by virtue of NJ.Stat.Ann. § 12A:9-306(4)(d).
Facts
On August 18, 1988, Collated and the Bank settled a dispute by executing a series of documents…
2Cases cited11 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- James R. Fitzpatrick, as Trustee of A. W. Sikking Co., Bankrupt v. Philco Finance Corp.Court of Appeals for the Seventh Circuit · 1974
- Brown & Williamson Tobacco Corp. v. First National Bank of Blue Island, a National Banking AssociationCourt of Appeals for the First Circuit · 1974
- Maxl Sales Company v. Critiques, Inc., D/B/A Decorators Warehouse, and Eric C. Rajala, TrusteeCourt of Appeals for the Tenth Circuit · 1986
- In Re Shoreline Concrete Company, Inc., Debtor. Shoreline Concrete Company, Inc. v. United States of America, and Harold Heath, TrusteeCourt of Appeals for the Ninth Circuit · 1987
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3Cited by1 opinion
- United Jersey Bank/Central, N.A. v. Collated Products Corp. (In Re Collated Products Corp.)District Court, D. Delaware · 1990