Legal Opinion

Citibank, N.A. v. Baer

Court of Appeals for the Tenth Circuit

Decided June 9, 1980No. Nos. 77-1969, 77-1971PublishedCited by 15 opinions

1Opinion of the Court

McKAY, Circuit Judge.

This is an appeal from an order of the district court confirming a plan of reorganization under Chapter X of the now-superseded Bankruptcy Act, 11 U.S.C. § 501 et seq. (1976).

An involuntary petition for reorganization of the debtor, King Resources Company, was filed on August 14, 1971. At that time the debtor had outstanding approximately $40 million worth of debentures which were specifically subordinated to “senior debt.” The company had approximately $28 million worth of “senior debt” and approximately $20 million in other debts.

The trustee in bankruptcy submitted a…

2Cases cited9 opinions

  1. Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
  2. Consolidated Rock Products Co. v. Du BoisSupreme Court of the United States · 1941
  3. Group of Institutional Investors v. Chicago, M., St. P. & P.R. Co., and 9 Other CasesSupreme Court of the United States · 1943
  4. Marine Harbor Properties, Inc. v. Manufacturers Trust Co.Supreme Court of the United States · 1942
  5. American Employers' Insurance Company v. King Resources Company, John M. KingCourt of Appeals for the Tenth Circuit · 1977

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3Cited by15 opinions

  1. In Re a & C Properties, Debtors. William W. Martin, Superseded by Gilbert Robinson, in Intervention v. William E. Kane, Barbara Kelly, K & K Properties, Inc., and Investors Replacement, Inc., William W. Martin, Objectors-Plaintiffs-Appellants v. Gilbert Robinson, Trustee in Bankruptcy, in InterventionCourt of Appeals for the Ninth Circuit · 1986
  2. In Re Acequia, Inc., Debtor. Acequia, Inc. v. Vernon B. ClintonCourt of Appeals for the Ninth Circuit · 1986
  3. United States Ex Rel. Farmers Home Administration v. Arnold & Baker Farms (In Re Arnold & Baker Farms)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1994
  4. Search Market Direct, Inc. v. Jubber (In Re Paige)Court of Appeals for the Tenth Circuit · 2012
  5. King Resources Company v. BaerCourt of Appeals for the Tenth Circuit · 1980

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