In Re Prudential Lines Inc.

How courts have described this case

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

• applying 48th St. Steakhouse to bar an action that would have the ʺlegal effect of diminishing or eliminating property of the bankrupt estateʺ (emphasis added)
• net loss carry forwards, which were speculative and depended on future income, were property of the estate
• \The nature and extent of the debtor's interest in property is determined by applicable non-bankruptcy law\
• “One of the principal purposes of the automatic stay is to preserve the property of the debtor's estate for the benefit of all the creditors.”
• “This brings us to the question whether PLI’s interest in the right to carryforward its $74 million NOL to offset future income is property of the estate within the meaning of § 541. We hold that it is.”

Source: CourtListener parenthetical corpus (CC0).