Legal Opinion

In Re Heldor Industries, Inc.

United States Bankruptcy Court, D. New Jersey

Decided September 6, 1991No. 19-12094PublishedCited by 9 opinions

1Opinion of the Court

MEMORANDUM OPINION

STEPHEN A. STRIPP, Bankruptcy Judge.

This opinion addresses an objection by the New Jersey Department of Environmental Protection (“DEP”) to a proposed settlement involving distribution of the proceeds of a sale of substantially all of the Debtor’s assets. Under the settlement, most of the sale proceeds would be paid to New Bank of New England, N.A. (“The Bank”), which had a lien on virtually all of the Debtor’s assets. The balance of the sale proceeds would be used to pay expenses of administering the bankruptcy case. The DEP objects because nothing would be set aside from…

2Cases cited22 opinions

Brown v. FelsenSupreme Court of the United States · 1979
Perez. v. CampbellSupreme Court of the United States · 1971
Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
Midlantic National Bank v. New Jersey Department of Environmental ProtectionSupreme Court of the United States · 1986
Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935

17 more not listed; retrieve them via the Exa API.

3Cited by9 opinions

Boyd v. Dock's Corner Associates (In Re Great Northern Forest Products, Inc.)United States Bankruptcy Court, W.D. Michigan · 1991
STATE OF NEW JERSEY, DEPARTMENT OF ENVIRONMENTAL PROTECTION AND ENERGY, Appellant, v. HELDOR INDUSTRIES, INC., AppelleeCourt of Appeals for the Third Circuit · 1993
Torwico Electronics, Inc. v. New Jersey, Department of Environmental Protection (In Re Torwico Electronics, Inc.)United States Bankruptcy Court, D. New Jersey · 1991
New Jersey Department of Environmental Protection v. North American Products Acquisition Corp.District Court, D. New Jersey · 1992
In Re CavalieriUnited States Bankruptcy Court, E.D. Pennsylvania · 1992

4 more not listed; retrieve them via the Exa API.