Legal Opinion
In Re Alan Wood Steel Co.
United States Bankruptcy Court, E.D. Pennsylvania
Decided August 13, 1980No. 19-11241PublishedCited by 7 opinions
1Opinion of the Court
OPINION
EMIL F. GOLDHABER, Bankruptcy Judge:
The issue before the court is whether the proof of claim of the Commonwealth of Pennsylvania for escheatable wages and dividends should be allowed. We conclude that such a claim should be disallowed because, according to Pennsylvania law, title to the escheatable funds does not vest in the Commonwealth and, therefore, the Commonwealth has no basis for its proof of claim.
The facts of the instant case are as follows: 1 On June 10, 1977, Alan Wood Steel Company (“Alan Wood”) filed a petition for an arrangement under Chapter XI of the Bankruptcy Act…
2Cases cited1 opinion
- In Re Thompson's Estate. Appeal of McGrathCourt of Appeals for the Third Circuit · 1951
3Cited by7 opinions
- Murphy v. Heppenstall Co.Court of Appeals for the Third Circuit · 1980
- International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, Uaw v. Keystone Consolidated Industries, Inc.Court of Appeals for the Seventh Circuit · 1986
- Arkansas v. Federated Department Stores, Inc.District Court, S.D. Ohio · 1992
- International Union, United Automobile, Aerospace & Agricultural Implement Workers of America v. Keystone Consolidated Industries, Inc.Court of Appeals for the Seventh Circuit · 1986
- In re Berry Estates, Inc.District Court, S.D. New York · 1985
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