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IN RE MODERN TRANSFER CO., INC.

Bankruptcy No. 76-1450 TT.

17 B.R. 704 (1982)

In re MODERN TRANSFER CO., INC., Debtor. MODERN TRANSFER CO., INC., Debtor, and Alan M. Black, Receiver of Modern Transfer Co., Inc., Plaintiffs, v. STRICK CORPORATION, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

February 17, 1982.

Attorney(s) appearing for the Case

Gary Schildhorn and Alexander N. Rubin, Jr., Philadelphia, Pa., for plaintiff.

S. Jay Cooke, Philadelphia, Pa., for defendant.

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

The plaintiffs seek an accounting of the proceeds realized from the defendant's sale of certain trailers following their repossession from the plaintiff. For reasons hereinafter given, the defendant shall pay to the plaintiffs certain net proceeds in excess of the debt due defendant.1

The facts of this case are as follows:

An involuntary petition in bankruptcy was...

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