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IN RE COSMOPOLITAN AVIATION CORP.

Bankruptcy No. 881-82644-18, Adv. No. 883-0580-18.

34 B.R. 592 (1983)

In re COSMOPOLITAN AVIATION CORP., Debtor. James BARR, Chapter 11 Trustee of Cosmopolitan Aviation Corp., Plaintiff, v. NATIONAL AIRCRAFT SERVICES, INC., Defendant.

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

November 14, 1983.

Attorney(s) appearing for the Case

Hahn & Hessen, New York City, for trustee.

Milgrim, Thomajan, Jacobs & Lee, P.C., New York City, for National Aircraft Services, Inc.

DECISION

C. ALBERT PARENTE, Bankruptcy Judge.

This is an adversary proceeding brought by trustee against creditor, National Aircraft Services, Inc. ("National"), to recover funds obtained from debtor posited on the contention that the transfer of the funds constituted a voidable preference.

FACTUAL BACKGROUND

On August 11, 1981, Cosmopolitan Aviation Corp. ("Cosmopolitan") filed a voluntary petition under Chapter 11 of the Bankruptcy Reform...

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