Legal Opinion
Craig ex rel. Official Creditors Committee v. Minden Exchange Bank & Trust Co. (In re Craig)
United States Bankruptcy Court, D. Nebraska
Decided November 1, 1988No. Bankruptcy No. BK85-2418; Adv. No. A87-0184PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION
JOHN C. MINAHAN, Jr., Judge.
On the eve of bankruptcy, the debtor, Robert Craig, granted a mortgage to the defendant, the Minden Exchange Bank & Trust Company (the “Bank”). In partial consideration for the mortgage, the Bank loaned funds to the debtor, which were immediately used by the debtor to make a payment to the Bank on an obligation of a third party to the Bank which the debtor had guaranteed. The Official Creditors’ Committee, after having been granted authority to do so, brought this action to avoid the payment or, alternatively the mortgage, as a preference under 11…
2Cases cited11 opinions
- Dean v. DavisSupreme Court of the United States · 1917
- 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
- In Re Air Conditioning, Inc. Of Stuart, Debtor. American Bank of Martin County, Douglass E. Wendel, Trustee v. Leasing Service CorporationCourt of Appeals for the Eleventh Circuit · 1988
- In Re Tenna Corporation, Debtor. Charles J. Neuger, Trustee v. United StatesCourt of Appeals for the Sixth Circuit · 1986
- Murray Drabkin, Trustee v. A.I. Credit Corporation, (Two Cases)Court of Appeals for the D.C. Circuit · 1986
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3Cited by3 opinions
- Grove Peacock Plaza, Ltd. v. Resolution Trust Corp. (In Re Grove Peacock Plaza, Ltd.)United States Bankruptcy Court, S.D. Florida. · 1992
- Matter of CraigUnited States Bankruptcy Court, D. Nebraska · 1988
- Overcash v. Hidalgo Motors LLCUnited States Bankruptcy Court, D. Nebraska · 2021