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IN RE O.P.M. LEASING SERVICES, INC.

Bankruptcy No. 81 B 10533, Adv. No. 81-5670 A.

40 B.R. 380 (1984)

In re O.P.M. LEASING SERVICES, INC., Debtor. James P. HASSETT, as Chapter 11 Trustee of O.P.M. Leasing Services, Inc., Plaintiff, v. FAR WEST FEDERAL SAVINGS AND LOAN ASSOCIATION, Euramlease, Inc. and Henry L. Bauer, as Trustee for Euramlease, Inc., Defendants.

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

May 18, 1984.

Attorney(s) appearing for the Case

Zalkin, Rodin & Goodman, New York City, for trustee; Henry L. Goodman and Harold N. Schwinger, New York City, of counsel.

Richards, O'Neil & Allegaert, New York City, for Far West Federal Sav. and Loan Ass'n, Henry C. Bauer as Trustee for Euramlease, Inc. and Euramlease, Inc.; Winthrop J. Allegaert and Brad Steenland, New York City, of counsel.

DECISION AND ORDER AFTER TRIAL ON TRUSTEE'S COMPLAINT SEEKING AVOIDANCE OF TRANSFERS ON FRAUDULENT CONVEYANCE AND OTHER GROUNDS

BURTON R. LIFLAND, Bankruptcy Judge.

I. Introduction

In this adversary proceeding, James P. Hassett, the Chapter 11 trustee ("Trustee") of O.P.M. Leasing Services, Inc. ("OPM"), a computer leasing concern, seeks to recover certain sums from the defendants Far West Federal Savings and Loan ("Far West"), Euramlease, Inc...

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