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IN RE P. J. HOLLORAN COMPANY, LAUNDERERS

No. 72 B 1216(2).

362 F.Supp. 370 (1973)

In the Matter of P. J. HOLLORAN COMPANY, LAUNDERERS, a corporation, Bankrupt.

United States District Court, E. D. Missouri, E. D.

May 3, 1973.

Attorney(s) appearing for the Case

Phillips B. Sachs, Clayton, Mo., for petitioning creditors, St. Clair Laundry & Dry Cleaning Co., Inc., Universal Premium Acceptance Corp., and Arthur A. Blumeyer, an indiv.

Don B. Sommers, St. Louis, Mo., for P. J. Holloran Co.

MEMORANDUM AND ORDER

REGAN, District Judge.

This is a contested bankruptcy proceeding. Three petitioners allege that they are creditors of P. J. Holloran Company, Launderers (Holloran) who hold provable claims fixed as to liability and liquidated in amount. The act of bankruptcy is an alleged preferential transfer made while insolvent to a creditor not entitled to priority in payment. Holloran has specifically denied insolvency as well as the other material...

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