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MATTER OF ASSURED FASTENER PRODUCTS CORP.

No. 84-2548.

773 F.2d 105 (1985)

In the Matter of ASSURED FASTENER PRODUCTS CORPORATION, Debtor. Joel A. SCHECHTER, Trustee, Plaintiff-Appellee, v. ACME SCREW COMPANY, INC., Solar Screw Corporation, and Southern States Fastener, Inc., Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided August 30, 1985.

Rehearing Denied November 25, 1985.

Attorney(s) appearing for the Case

Chester H. Foster, Arnstein, Gluck, Lehr, Barron & Milligan, Chicago, Ill., for plaintiff-appellee.

Joel A. Schechter, Grossman Mitzenmacher & Schechter, Chicago, Ill., for defendants-appellants.

Before WOOD and EASTERBROOK, Circuit Judges, and DUMBAULD, Senior District Judge.

DUMBAULD, Senior District Judge.

Plaintiff, trustee in bankruptcy of a fastener company, brought suit to collect some $90,000.00 owed by three debtors of the bankrupt for screws sold to them by the fastener company. However, the bankrupt owed Rosco Specialty Company (for wire purchased and a loan) the sum of $188,857.05. That company, as well as the three debtors sued by the trustee, were substantially controlled by one William J. Roche, Sr., and his family. Roche...

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