Legal Opinion
Rinehart v. Stroud Ford, Inc. (In Re Stroud Ford, Inc.)
United States Bankruptcy Court, M.D. Pennsylvania
Decided October 28, 1996No. Bankruptcy Nos. 5-92-00713, 5-92-00712, Adversary Nos. 5-94-00147A, 5-94-00148APublishedCited by 6 opinions
1Opinion of the Court
ORDER AND OPINION
JOHN J. THOMAS, Bankruptcy Judge.
The Debtors-in-Possession entered into an agreement of sale with William E. Rinehart, which agreement provided that the major asset of the estates, i.e., a Ford dealership including the real estate, would be sold to Rinehart for the sum of Seven Hundred Twenty-Five Thousand Dollars ($725,000.00). The parties specifically agreed that the sale would not be subject to “higher bids”.
Notice was circulated and the only objection received was from Ray Price, a potential higher bidder who indicated, in his objection, his willingness to outbid Rinehart.
2Cases cited17 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- In Re MartinCourt of Appeals for the Third Circuit · 1996
- In Re Roth American, Inc., Debtor. Teamsters Local Union No. 401 Health & Welfare Fund International Brotherhood of Teamsters, Local 401Court of Appeals for the Third Circuit · 1992
- Billingham v. Wynn & Wynn, P.C. (In Re Rothwell)United States Bankruptcy Court, D. Massachusetts · 1993
- In Re Leslie Fay Companies, Inc.United States Bankruptcy Court, S.D. New York · 1994
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3Cited by6 opinions
- In Re FryeUnited States Bankruptcy Court, E.D. Virginia · 1997
- In Re Seminole Walls & Ceilings Corp.District Court, M.D. Florida · 2008
- Pineo v. Turner (In Re Turner)United States Bankruptcy Court, W.D. Pennsylvania · 2002
- PRLP 2011 Holdings LLC v. Manuel Mediavilla, Inc. (In re Manuel Mediavilla, Inc.)Bankruptcy Appellate Panel of the First Circuit · 2017
- In re ClaywellUnited States Bankruptcy Court, D. Connecticut · 2006
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