Speciner v. American National Bank & Trust

U.S. Court of Appeals for the Second Circuit June 7, 1979

Speciner v. American National Bank & Trust, 600 F.2d 5 (2d Cir. 1979)

Opinion of the Court

PER CURIAM:

We affirm on Judge Pratt’s opinion for the district court, 471 F.Supp. 549, No. 78 C 360 (E.D.N.Y. 1978). We note that Congress has addressed accounts receivable financing in the new Bankruptcy Act. Effective October 1, 1979, the issue now before us will be controlled by § 547(c)(5) of the Act.

Reference

Full Case Name: In re LAVERTY DETECTIVE BUREAU, INC., Bankrupt. Jules V. SPECINER v. AMERICAN NATIONAL BANK & TRUST OF NEW JERSEY, Assignee of Princeton American Credit Corp.
Status: Published