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IN RE MILANO TEXTILES, INC.

Bankruptcy No. 82-00371-L.

38 B.R. 964 (1984)

In re MILANO TEXTILES, INC., Debtor.

United States Bankruptcy Court, D. Massachusetts.

April 27, 1984.

Attorney(s) appearing for the Case

Stephen M. Kaplan, Widett & Glazier, Boston, Mass., for Malden Trust Co.

John S. Rodman, Gargill, Sassoon & Rudolph, Boston, Mass., for debtor.

MEMORANDUM DECISION AND ORDER

THOMAS W. LAWLESS, Chief Judge.

The issue before the Court is whether Malden Trust Company's setoff of certain money (the "collateral") it was holding prior to the filing of Milano Textiles, Inc.'s (the "Debtor's") Chapter 11 petition was proper and thus served to eliminate the Debtor's rights in the collateral or whether the setoff was improper and thus the collateral was and is property of the Debtor's estate, subject to this...

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