In the Matter of Regal Petroleum Products Company. William E. Chambers, Trustee

Third Circuit

In the Matter of Regal Petroleum Products Company. William E. Chambers, Trustee

413 F.2d 299

Court of Appeals for the Third Circuit·Decided July 3, 1969·No. 17525_1·Published·Cited by 5 cases

Opinion

OPINION OF THE COURT

PER CURIAM.

We agree with Judge Kraft in the District Court, 287 F.Supp. 458, that in this case the Commonwealth of Pennsylvania has a valid statutory lien claim in the amount of $849.46 for its corporate taxes under Pennsylvania law. We also agree that since that lien has never been accompanied by possession of the personal property to which the lien applied, it shall be postponed in payment to the debts specified in clauses (1) and (2) of subsection (a) of section 64 of the Bankruptcy Act, 11 U.S.C.A. § 104(a).

The judgment of the District Court will be affirmed.

Free access — add to your briefcase to read the full text and ask questions with AI

OPINION OF THE COURT

PER CURIAM.

We agree with Judge Kraft in the District Court, 287 F.Supp. 458, that in this case the Commonwealth of Pennsylvania has a valid statutory lien claim in the amount of $849.46 for its corporate taxes under Pennsylvania law. We also agree that since that lien has never been accompanied by possession of the personal property to which the lien applied, it shall be postponed in payment to the debts specified in clauses (1) and (2) of subsection (a) of section 64 of the Bankruptcy Act, 11 U.S.C.A. § 104(a).

The judgment of the District Court will be affirmed.

In the Matter of Regal Petroleum Products Company. William E. Chambers, Trustee, 413 F.2d 299 (3d Cir. 1969).

Pincite

413 F.2d 299 (In the Matter of Regal Petroleum Products Company. William E. Chambers, Trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related