Legal Opinion

Fundex Capital Corp. v. Balaber-Strauss (In Re Tampa Chain Co.)

United States Bankruptcy Court, S.D. New York

Decided October 9, 1985No. 19-35082PublishedCited by 51 opinions

1Opinion of the Court

DECISION

HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

The Fundex Capital Corporation (“Fun-dex”) seeks an order pursuant to § 725 of the Bankruptcy Code (the “Code”) directing the trustee of Tampa Chain Company, Inc. (“Tampa Chain”) to turn over to Fundex a portion of certain inventory proceeds in an amount sufficient to satisfy Fundex’s secured claim, including attorney’s fees, costs, and charges allowed under § 506(b). The trustee, in response, seeks a marshaling order requiring Fundex to first proceed against Wolf and Rachel Reichard as guarantors of Tampa Chain’s debt to Fundex, and against…

2Cases cited33 opinions

  1. Pepper v. LittonSupreme Court of the United States · 1939
  2. In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
  3. In the Matter of Multiponics, Incorporated, Bankrupt. MacHinery Rental, Inc. And Carl Biehl v. William W. Herpel, TrusteeCourt of Appeals for the Fifth Circuit · 1980
  4. Taylor v. Standard Gas & Electric Co.Supreme Court of the United States · 1939
  5. Sampsell v. Imperial Paper & Color Corp.Supreme Court of the United States · 1941

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3Cited by51 opinions

  1. Adelphia Communications Corp. v. Bank of America, N.A. (In Re Adelphia Communications Corp.)United States Bankruptcy Court, S.D. New York · 2007
  2. 80 Nassau Associates v. Crossland Federal Savings Bank (In Re 80 Nassau Associates)United States Bankruptcy Court, S.D. New York · 1994
  3. Kittay v. Atlantic Bank (In Re Global Service Group LLC)United States Bankruptcy Court, S.D. New York · 2004
  4. Official Committee of Unsecured Creditors of Lois/USA, Inc. v. Conseco Finance Servicing Corp. (In Re Lois/USA, Inc.)United States Bankruptcy Court, S.D. New York · 2001
  5. Chittenden Trust Co. v. Sebert Lumber, Co. (In Re Vermont Toy Works, Inc.)United States Bankruptcy Court, D. Vermont · 1987

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