[Download] "In re United States Abatement Corp." by Fifth Circuit U.S. Court of Appeals ~ eBook PDF Kindle ePub Free
eBook details
- Title: In re United States Abatement Corp.
- Author : Fifth Circuit U.S. Court of Appeals
- Release Date : January 12, 1996
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
Per Curiam: The principal issue presented by this bankruptcy appeal implicates the concept of recoupment The specific question we must answer today is whether Appellants/Cross-Appellees Mobil Exploration and Producing, U.S., Inc. and Mobil Exploration and Producing North America, Inc. (collectively, Mobil) may recoup from a debt to Appellee/Cross-Appellant USA Abatement Corporation (USA) the dollar amount of all liens asserted against Mobil's property by USA's subcontractors and vendors whom USA failed to compensate. Concluding that Mobil is entitled to recoup its payments to the lien claimants, we reverse the holding of the district court and reinstate the holding of the bankruptcy court with respect to recoupment.