Dynamics Corporation of America, Appellant v. Marine Midland Bank-New York, Respondent

Summary

The New York Court of Appeals affirmed the dismissal of Dynamics Corporation of America's action against Marine Midland Bank, holding that a chapter XI debtor cannot pursue claims that were not disclosed in its bankruptcy schedules because such claims were not "dealt with" under the Bankruptcy Act. The court rejected DCA's arguments that the claims were innocently omitted, accrued after emergence, or were dealt with during the bankruptcy.