IN RE SAKOWITZ, INC.

No. 90-6023.

949 F.2d 178 (1991)

In re SAKOWITZ, INC. Sakowitz, Inc. of Amarillo, Sakowitz, Inc. of Arizona, Sakowitz-Gulfgate, Inc., and Sakowitz of Oklahoma, Inc., Debtors. EVANS FUR COMPANY OF HOUSTON, INC., Appellant, v. The CHASE MANHATTAN BANK, N.A., InterFirst Bank Dallas, N.A. First Pennsylvania Bank, N.A., Security Pacific National Bank, and Amarillo National Bank, Appellees.

United States Court of Appeals, Fifth Circuit.

December 26, 1991.


Attorney(s) appearing for the Case

Joanne M. Vorpahl, Warren W. Harris, Porter & Clements, Houston, Tex., Samuel B. Garber, VP, Gen. Counsel, Evans, Inc., Chicago, Ill., for Evans Fur Co. of Houston, Inc.

Mary M. Gregory, Baker & Botts, Houston, Tex., Howard C. Buschman, III, Stephen J. Shimshak, Laurie R. Binder, Milbank, Tweed, Hadley & McCloy, New York City, Alex T. Galbraith, Hoffman & Assoc., Houston, Tex., for Chase Manhattan Bank, N.A., et al.

Michael J. Durrschmidt, Hirsch & Westheimer, Houston, Tex., for other interested parties.

Before REYNALDO G. GARZA, WIENER and BARKSDALE, Circuit Judges.


REYNALDO G. GARZA, Circuit Judge:

In this case we determine title to escrowed funds containing proceeds collected by bankrupt stores for sales on special credit accounts. We hold that the district court correctly affirmed the bankruptcy court's decision that these funds were not subject to either an express or implied trust in favor of the merchant who owned and sold the merchandise, but rather were subject to the Appellee...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases