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IN RE CANDOR DIAMOND CORP.

Bankruptcy No. 81 B 11594 (EJR), Adv. No. 81 5713-A.

21 B.R. 147 (1982)

In re CANDOR DIAMOND CORP., Debtor. JOHN P. MAGUIRE & CO., INC., Plaintiff, v. Jeffrey SAPIR, Interim Trustee of Candor Diamond Corp., Debtor; Madeleine Margolies and Scarsdale National Bank and Trust Company, Defendants.

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

June 22, 1982.

Attorney(s) appearing for the Case

Hahn & Hessen, New York City, for plaintiff, John P. Maguire & Co., Inc.

Neale & Wilson & Gardella, Scarsdale, N.Y., for defendant Scarsdale Nat. Bank and Trust Co.

Schnapper & Isaacson, New York City, for defendant Madeleine Margolies.

Stroock & Stroock & Lavan, New York City, for trustee in bankruptcy Daniel McColley.

DECISION ON MADELEINE MARGOLIES' ASSERTION OF FIFTH AMENDMENT PRIVILEGE

EDWARD J. RYAN, Bankruptcy Judge.

On March 21, 1980, Candor Diamond Corp. ("Candor"), a corporation in the business of selling and manufacturing gold jewelry and diamonds, entered into a factoring agreement with John P. Maguire & Co., Inc. ("Maguire"). Madeleine Margolies and her husband, Irwin, executed these agreements as officers of Candor. These agreements provided, inter...

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