Legal Opinion
In Re Valley Forge Corp.
United States Bankruptcy Court, E.D. Pennsylvania
Decided February 7, 1983No. 19-11133PublishedCited by 2 opinions
1Opinion of the Court
OPINION
EMIL F. GOLDHABER, Bankruptcy Judge:
The issue in the case at bench is whether we have the equitable power to allow a proof of claim filed by a creditor in a chapter XI case, after the bar date for the filing of claims, set out in section 355 of the Bankruptcy Act (“the Act”). 1 We conclude, under the applicable law of this circuit, that we have no such power. Hence, we .will disallow the creditor’s untimely filed proof of claim.
The facts of this case are as follows: 2 In 1973, Tekology Corporation (“Tekology”) loaned $182,500.00 to the Valley Forge Corporation (“the debtor”). In 1975,…
2Cases cited6 opinions
- In Re Pigott, James P., T/d/b/a James P. Pigott Building Materials. Appeal of Conestoga Ceramic Tile Distributors, IncCourt of Appeals for the Third Circuit · 1982
- In Re Supernit, Inc. Appeal of BoydCourt of Appeals for the Third Circuit · 1950
- In the Matter of Mellen Manufacturing Company, Bankrupt. Nathaniel GoraCourt of Appeals for the Third Circuit · 1961
- In re VandergriftDistrict Court, W.D. Pennsylvania · 1964
- In re VandergriftCourt of Appeals for the Third Circuit · 1965
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- In Re R.E. Lee & Sons, Inc.United States Bankruptcy Court, M.D. Pennsylvania · 1989
- In Re MarkeyUnited States Bankruptcy Court, N.D. Ohio · 1983