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IN RE SAVEL

Bankruptcy No. 82-01402 BKC-SMW, Adv. Nos. 82-1029-BKC-SMW-A, 82-1073-BKC-SMW-A.

29 B.R. 858 (1983)

In re Norman SAVEL and Ida M. Savel, Debtors, Patrick A. BARRY, Trustee, Plaintiff, v. Frank IPPOLITO, Defendant. Frank IPPOLITO, Plaintiff, v. Norman SAVEL, Ida M. Savel, City National Bank, Patrick A. Barry, Trustee and H. Alan Tucker, Esquire., Defendants.

United States Bankruptcy Court, S.D. Florida.

April 8, 1983.

Attorney(s) appearing for the Case

Myrna D. Bricker, Miami, Fla., for debtors.

Ira Gordon, Broad & Cassel, Bay Harbor Islands, Fla., for defendant City National Bank.

Patrick Barry, Ft. Lauderdale, Fla., for trustee.

Reggie David Sanger, Ft. Lauderdale, Fla., for plaintiff Ippolito.

H. Allan Tucker, Hollywood, Fla., for defendant Ippolito.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

SIDNEY M. WEAVER, Bankruptcy Judge.

This matter comes before the Court for resolution upon consolidation of two separate adversary proceedings. The Trustee brought an action pursuant to 11 U.S.C. § 542 to recover approximately Twenty Thousand Dollars ($20,000.00) as property of the estate. This sum represents the amount owed to the debtors pursuant to the provisions of an option contract relating to property...

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