IN RE ALLEN CARPET SHOPS, INC.

Bankruptcy No. 881-80568-18, Adversary No. 881-0277-18.

27 B.R. 354 (1983)

In re ALLEN CARPET SHOPS, INC., d/b/a Emerson Rug Company, Debtor. PENINSULA NATIONAL BANK, Plaintiff, v. ALLEN CARPET SHOPS, INC., d/b/a Emerson Rug Company, Defendant.

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

February 2, 1983.


Attorney(s) appearing for the Case

Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for Creditors' Committee.

Zalkin, Rodin & Goodman, New York City, for plaintiff.

Levin & Weintraub, New York City, for defendant.


DECISION

C. ALBERT PARENTE, Bankruptcy Judge.

The creditors' committee has moved for reargument and reconsideration of this court's decision of October 12, 1982, granting summary judgment in favor of plaintiff in the above-captioned adversary proceeding.

FACTUAL CONTEXT

On February 19, 1981, Allen Carpet Shops, Inc. filed a petition for reorganization under Chapter 11 of the Bankruptcy Code. Pursuant to 11 U.S.C. §§ 1107 and 1108...

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