In re Helfenbein’s Empirical Analysis

Citation profile

2 district ·

Most-quoted passages

The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 2 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. ““The practice of financing by assigned accounts is now very widespread. It is of advantage to a merchant or manufacturer with insufficient capital, and naturally is also frequently practiced by persons or corporations in precarious or failing financial condition. In the latter case, in the event of bankruptcy, unsecured creditors often find that the principal assets of the bankrupt which otherwise would be readily reducible to cash have been pledged and withdrawn from the general assets of the bankrupt.... The doctrine of Benedict v. Ratner, supra, [ 268 U.S. 353 , 45 S.Ct. 566 , 69 L.Ed. 991 (1925)] is of some assistance to the unsecured creditors in that at least requires the assignee to exercise care to see that collections are applied on account of the debt; but in practice the finance companies protect themselves, under the majority of existing decision, by some careful arrangement under which from time to time collections made are deposited to their account and new loans made to the assignor secured by new assigned accounts or by substitution of new assigned accounts for old ones, thus in effect creating a revolving fund or floating charge.””

   1 later decision quote this exact passage · from the majority
   e.g. United States v. Emerald of Puerto Rico, Inc. (In Re Hospital Nuestra Señora De Guadalupe, Inc.)