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IN RE U.S.N. CO., INC.

Bankruptcy No. 77 B 130.

2 B.R. 468 (1979)

In re U.S.N. CO., INC., Bankrupt. Herbert RUBIN, Receiver of the Estate of the Bankrupt, Plaintiff, v. VAN DAM CHECK CASHER et al. (Parties set forth in Schedule A annexed to Complaint), Defendants.

United States Bankruptcy Court, S.D. New York.

December 13, 1979.

MEMORANDUM & ORDER

JOHN J. GALGAY, Bankruptcy Judge.

The dispute in this case followed the bankruptcy of U.S.N. Co., Inc. (USN), a company licensed to sell money orders in New York. Defendant Crest Pharmacy, Inc., (Crest), who sold money orders as an agent of USN, contends that it is entitled to set off its commissions on the sale of money orders from funds it owes USN on money order sales. This court holds that...

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