In Re Kornblum & Co., Inc., Debtor. Tom Lange Co., Inc., and Scott Finks Co., Inc. v. Kornblum & Co., Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that Congress enacted the trust provision “to broaden the protection afforded to produce suppliers”
• holding that “a single PACA trust exists for the benefit of all of the sellers to a Produce Debtor, and continues in existence until all of the outstanding beneficiaries have been paid in full.”
• holding that “a single PACA trust exists for the benefit of all of the sellers to a Produce Debtor, and continues in existence until all of the outstanding beneficiaries have been paid in full.”
• holding that it was “inappropriate” for the district court “to enter summary judgment against the Creditors on the basis that Kornblum had acquired the [property] pri- or to its transactions with the Creditors,” and remanding the case to the district court for further proceedings
• stating that the Bankruptcy Code excludes PACA trust assets from the bankruptcy estate
• describing how a debtor holds equitable title to the PACA trust res for the benefit of a creditor

Source: CourtListener parenthetical corpus (CC0).