United States Third Circuit

In a dispute between creditors with competing claims to a bankruptcy debtor's accounts receivable, district court's judgment is affirmed to the extent it affirms a bankruptcy court's determination that one creditor did not waive its security interest in debtor's accounts receivable. District court's holding that a competing creditor did not act in good faith, and therefore cannot be a holder in due course or a purchaser of instruments, is vacated and remanded.

Appellate Information

• Argued 06/26/2009
• Decided 09/01/2009
• Published 09/01/2009

Judges

• Before: BARRY, SMITH, Circuit Judges, and DuBOIS District Judge.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Cory M. Gray, Esq. (Argued), Greenberg Traurig, Florham Park, NJ, for Appellant.


• For Appellees:
  
• Thomas P. Monahan, Jr., Esq. (Argued), Law Office of Dennis A. Maycher, Garfield, NJ, for Appellee.