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IN RE TELTRONICS, LTD.

No. 80-1434.

649 F.2d 1236 (1981)

In re TELTRONICS, LTD., an Illinois Corporation, Bankrupt. Glenn R. HEYMAN, Receiver in Bankruptcy of Teltronics, Ltd., an Illinois Corporation, Plaintiff-Appellant, v. George W. KEMP, Jr., Receiver in the Circuit Court of Cook County, Case No. 76 CH 7741, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided June 2, 1981.

Attorney(s) appearing for the Case

John H. Redfield, Chicago, Ill., for plaintiff-appellant.

James P. Connelly, Chicago, Ill., for defendant-appellee.

Before SPRECHER and BAUER, Circuit Judges, and CAMPBELL, Senior District Judge.

BAUER, Circuit Judge.

Drawn for battle, a state court receiver and a bankruptcy trustee challenge each other's power over funds of the bankrupt, Teltronics, Ltd. The issue here is whether money held by a state court receiver under the Illinois Consumer Fraud and Deceptive Business Practices Act, Ill.Rev.Stat. ch. 121 &frac12, § 261 et seq., is property of the bankrupt's estate and thus subject to surrender to the bankruptcy trustee. The district court...

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