1. Home
  2. Browse Decisions
  3. B.R.
  4. 68 B.R.
  5. 68 B.R. 316 (1986)
 

IN RE ART SHIRT LTD., INC.

Bankruptcy No. 80-03418K, Adv. Nos. 82-2340K(12), 82-2341K(8).

68 B.R. 316 (1986)

In re ART SHIRT LTD., INC. (Jointly Administered With the Cracker Barrel Dresses, Ltd. Bankruptcy No. 80-03429K Richard Todd, Inc. Bankruptcy No. 80-03430K), Debtor. Louis W. FRYMAN, Esquire, Trustee of Art Shirt Ltd., Inc., Plaintiff, v. SIM TEXTILE CO., Paramount Trimming, Bellcraft Button Co., Trims For Now, Inc., Packaging Systems Corp., Formfit Hanger Co., William Iselin & Co., Phila. Binding & Trimming Corp., U.S. Packaging & Design, Pa. Unemployment, Super Notion Co., Inc., Century Factors, Gold Bug, Armstrong, Barclay Commercial, Kalow & Bass, Charles Ruser, Seco Assoc., Richard B. Schiro Clair Insurance (Century Factors Factor for Carna Mills Defendant No. 12). Louis W. FRYMAN, Esq. Trustee of Art Shirt Ltd., Inc., Plaintiff, v. LOWENSTEIN CORPORATION, Crocker United, Manufacturer Hanover Trust, Cranston Print Works, Congress Factors, Century Factors, Blue Bell, Inc., Chemical Bank & Factoring, West Point Pepperal, McGuire Co., Meinhard Comm. Corp., Fay's Closet, Henry Glass, Globe Superior, Republic Factors Corp., Pictures Frocks, J.P. Stevens Co. (Century Factors Factor for New Wave Defendant No. 8).

United States Bankruptcy Court, E.D. Pennsylvania.

As Amended January 30, 1987.

Attorney(s) appearing for the Case

Leon S. Forman, David L. Braverman, Philadelphia, Pa., for Manufacturers Hanover Trust Co.

Gary M. Schildhorn, Gary Bressler, Philadelphia, Pa., for plaintiff/trustee.

Louis M. Fryman, Philadelphia, Pa., trustee/plaintiff.

Kenneth F. Carobus, Philadelphia, Pa., for defendants/Century Factors, Inc., Factor for Carna Mills and New Wave.

Barry J. Levin, Jay G. Ochroch, Philadelphia, Pa., for debtors.

Lawrence J. Tabas, Philadelphia, Pa., Richard L. Bond, New York City, for Suzanne November.

Steven T. Stern, Philadelphia, Pa., for Richard B. Schiro.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

In these long-outstanding consolidated adversarial proceedings initiated by the Trustee of a corporation in a Chapter 11 bankruptcy case to avoid, pursuant to 11 U.S.C. § 547, several allegedly preferential transfers made by the Debtor to a factor on behalf of two (2) of the factor's clients, we are called on to answer two (2) questions, both of which are rather easily resolved in favor of the Trustee on the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases