Skip to main content
Bernstein Burkley
  • Practice Areas
    • Overview
    • Bankruptcy & Restructuring
    • Business and Corporate Transactions
    • Creditors’ Rights
    • Litigation
    • Oil & Gas and Energy
    • Real Estate
  • Our Attorneys
  • About Us
    • Our Approach
    • History
    • Law Lists
    • Professional Memberships
    • Careers
  • Resources
    • Bernstein’s Dictionary of Bankruptcy Terminology
    • Links
    • Five Minute Legal Master videos
    • Blog
    • Legal Publications
  • News
    • Cases Archive
    • Firm News
    • In the News
    • Industry News
  • Contact
CALL - 412 456 8100
Connect
  • Facebook
  • Twitter
  • LinkedIn
Bernstein Burkley
  • Practice Areas
    • Overview
    • Bankruptcy & Restructuring
    • Business and Corporate Transactions
    • Creditors’ Rights
    • Litigation
    • Oil & Gas and Energy
    • Real Estate
  • Our Attorneys
  • About Us
    • Our Approach
    • History
    • Law Lists
    • Professional Memberships
    • Careers
  • Resources
    • Bernstein’s Dictionary of Bankruptcy Terminology
    • Links
    • Five Minute Legal Master videos
    • Blog
    • Legal Publications
  • News
    • Cases Archive
    • Firm News
    • In the News
    • Industry News
  • Contact
Cases

Debois Investment Group

Representation – Debois Investment Group

Bankruptcy – Western District of Pennsylvania

Situation: Bernstein and Bernstein, P.C. represented DeBois Investment Group in the bankruptcy of Allegheny International Credit Corporation (AICC) (a subsidiary of Allegheny International, Inc.). DeBois Investment Group purchased a substantial piece of real estate at a tax sale in 1986. AICC, holding the mortgage on the property, had a period of time during which it could redeem the property by paying the amount of the tax bid and costs.

Proper papers and payment by AICC did not reach the tax clerk until after the redemption expiration date. AICC claimed that since payment was in the mail the requirement was satisfied. Alternatively, it argued that the purchase at the tax sale constituted a fraudulent conveyance. Debois Investment Group retained Bernstein and Bernstein, P.C. to handle issues of bankruptcy court jurisdiction, Illinois tax law and general bankruptcy law.

Action: This was a unique case requiring extensive research and argument before the court. No court had previously decided the issue. The bankruptcy court ruled in favor of AICC on the fraudulent conveyance claim and DeBois Investment Group appealed the matter. On appeal to the District Court, the bankruptcy court’s decision was reversed and the case was remanded for further proceedings on the question of the timeliness of the redemption under Illinois state law. The matter was eventually settled in an amount much greater than that previously offered by AICC.

Back to Top
  • Overview
  • Allegheny Motel Inn, Inc.
  • Alpha Housing
  • Arter & Hadden, LLP
  • Benjamin Coal Company
  • Brockway
  • Brownsville General Hospital
  • Cambria Mills Coal Company
  • Criminal Demolition
  • David Weis Jewelers
  • Debois Investment Group
  • Failure to Satisfy Mortgage
  • Ferrell Prior
  • Glosser Bros., Inc.
  • Guaranty for a Friend
  • Hercules Service Corporation
  • I. D. Craig Service Corp.
  • Insulfoams, Inc.
  • Italian Oven, Inc.
  • K. F. Dairies
  • Large International Electrical Supply Distributor
  • Liberty Electronics
  • Major Supplier of Electronic Components
  • Medical Malpractice Verdict
  • MHF Trucking
  • Pittsburgh Press Club
  • Printing equipment recovery
  • Queen City Distributing
  • Ready Mix Concrete Company
  • Securities Fraud Class Action
  • Security Systems Supplier
  • Shotrock, Inc.
  • Spirit Harley-Davidson, Inc.
  • Star-Tron Technology, Inc.
  • TJX Companies (Ames Dept. Stores)
  • Uniflow Manufacturing Co. (Koldraft)
  • Van Huffel Tube Co.
  • Various Personal Injury Claimants
  • Yobe Electric
  • First Century Corporation
  • Consumer Finance Corporation
  • Hathaway and G & K Bakery (Trustee)
Bernstein Burkley

Copyright © 2023 Bernstein-Burkley

Links
  • Disclaimer
  • Knowledge Base
  • Privacy Center
  • Site Map

Bernstein-Burkley, P.C.

Phone: 412.456.8100

Fax: 412.456.8135

Email: info@bernsteinlaw.com

Connect