In re Southern Metal Products Corporation

4 Citing cases

  1. In re Gallucci

    931 F.2d 738 (11th Cir. 1991)   Cited 47 times   1 Legal Analyses
    Holding that bankruptcy court had the duty to look beyond the mere fact of a compromise agreement in order to determine whether jurisdiction existed

    In addition, when a bankruptcy court uses turnover proceedings to quiet title to real estate that is located in another jurisdiction and has no connection to the debtor, title to which is claimed by a party having no contact with the forum, we believe that substantial due process concerns are implicated. Some courts, however, have used turnover proceedings to effect a transfer of possession of real estate. For example, in In re Southern Metal Prods. Corp., 26 F. Supp. 666 (N.D.Ala. 1939), the court, without discussing the point, allowed a trustee to use a turnover action to oust a receiver from property that he occupied after a creditor foreclosed on a fraudulent mortgage. See also 2 Collier on Bankruptcy § 23.10, at 561 n. 2 (14th ed. 1974) (real estate is subject to turnover orders).

  2. In re Intern. Resorts, Inc.

    46 B.R. 405 (N.D. Ala. 1984)   Cited 8 times
    Explaining that, under Alabama law, unauthorized acts are voidable by corporation and its stockholders but not by creditor because corporate directors, officers and agents owe fiduciary duty to corporation but not to creditors

    (Underlining for emphasis) Under § 70(e)(1) the trustee may avoid a transfer that is voidable under applicable law, including state law. See 4B Collier on Bankruptcy ¶ 70.71 et seq. (14th ed. 1978); In re Southern Metal Products Corporation, 26 F.Supp. 666 (N.D.Ala. 1939). Plaintiff, Clear Creek, as assignee of the trustee's action under § 70(e)(1), is proceeding under Alabama's Fraudulent Conveyance Act codified at Ala.

  3. In re Hooton

    48 B.R. 575 (Bankr. N.D. Ala. 1985)   Cited 1 times

    See, Green v. Wright, 160 Ala. 476, 49 So. 320 (1909); Moog v. Talcott, 72 Ala. 210 (1882). See also, In re Grocers' Baking Company, 266 Fed. 900 (M. N.D.Ala. 1920), cited with approval in In re Southern Metals Products Corporation, 26 F. Supp. 666, 672 (N.D.Ala. 1939). Cf. Baker v. Gate City Coffin Company, 203 Ala. 6, 81 So. 674 (1919).

  4. Maynor v. Schaefer

    11 So. 2d 846 (Ala. 1943)   Cited 4 times

    After his appointment no one else is authorized by the bankrupt law to proceed in that respect. In re Southern Metal Products Corp., D.C., 26 F. Supp. 666; Neuberger v. Felis, 203 Ala. 142, 82 So. 172. Prior to the amendment, the courts were substantially agreed that such a suit as this was not authorized by the Bankruptcy Act.