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In Re Iowa Premium Service Co., Inc., Debtor. Iowa Premium Service Co., Inc. v. First National Bank in St. Louis, St. Louis, Missouri

Court of Appeals for the First Circuit

Decided December 17, 1982No. 81-2060PublishedCited by 94 opinions

1Opinion of the Court

FLOYD R. GIBSON, Senior Circuit Judge.

First National Bank in St. Louis (Bank) appeals from an order of the bankruptcy court, 12 B.R. 597,1 which denied the Bank’s motion to amend an order directing the return of funds received by the Bank because such funds constituted a preference under the Bankruptcy Act. A panel of this Court affirmed the judgment, one judge dissenting. 676 F.2d 1220. Rehearing en banc was granted, and the case was rear-gued.2 We now reverse.

I. Facts

Debtor-appellee Iowa Premium Service Co. (IPSCO), a premium finance company, borrowed $400,000.00 from appellant Bank and in…

2Cases cited7 opinions

  1. Belfance v. Bancohio/National Bank (In Re McCormick)United States Bankruptcy Court, N.D. Ohio · 1980
  2. Carmack v. Zell (In Re Mindy's, Inc.)United States Bankruptcy Court, S.D. Ohio · 1982
  3. Ford Motor Credit Co. v. Ken Gardner Ford Sales, Inc. (In Re Ken Gardner Ford Sales, Inc.)United States Bankruptcy Court, E.D. Tennessee · 1981
  4. Weill v. Southern Credit Union (In Re Bowen)United States Bankruptcy Court, E.D. Tennessee · 1980
  5. Whitlock v. Max Goodman & Sons Realty, Inc. (In Re Goodman Industries, Inc.)United States Bankruptcy Court, D. Massachusetts · 1982

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3Cited by94 opinions

  1. Union Bank v. WolasSupreme Court of the United States · 1991
  2. Merrill v. Abbott (In Re Independent Clearing House Co.)United States Bankruptcy Court, D. Utah · 1984
  3. In Re Fulghum Construction Corp., Debtor. Robert H. Waldschmidt, Trustee v. Harry H. Ranier, Algin Nolan, and Ranier & AssociatesCourt of Appeals for the Sixth Circuit · 1989
  4. In Re Energy Cooperative, Inc., Debtor. Energy Cooperative, Inc., Jay A. Steinberg, Trustee v. Socap International, Ltd.Court of Appeals for the Seventh Circuit · 1987
  5. Henderson v. Buchanan (In Re Western World Funding, Inc.)United States Bankruptcy Court, D. Nevada · 1985

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