IN RE EMERGENCY BEACON CORP.

Bankruptcy No. 76 B 356.

40 B.R. 113 (1984)

In re EMERGENCY BEACON CORPORATION, Debtor.

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

May 21, 1984.


Attorney(s) appearing for the Case

Stephen G. Glatzer, pro se.

Harvey S. Barr, Spring Valley, N.Y., Trustee in Possession and for trustee in possession of Emergency Beacon Corp.

Stern & Peshkin, P.C., New York City, for The Merchants Bank of New York.


DECISION ON ORDER TO SHOW CAUSE TO ENJOIN PERMANENTLY THE MERCHANTS BANK OF NEW YORK FROM SATISFYING ITS JUDGMENT

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The proceeds from wedding gifts deposited in a joint bank account were levied upon by The Merchants Bank of New York ("Merchants") in satisfaction of a judgment obtained by Merchants against Stephen G. Glatzer, the president and major shareholder of Emergency Beacon Corporation ("EBC"), a Chapter XI debtor...

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