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IN RE NORTH AMERICAN DEALER GROUP, INC.

Bankruptcy No. 180-07958-260, Adv. No. 183-0193.

62 B.R. 423 (1986)

In re NORTH AMERICAN DEALER GROUP, INC., a/k/a North American Dealers Services, Inc., Debtor. Daniel McCOLLEY, Trustee of North American Dealer Group, Inc., a/k/a North American Dealers Services, Inc., Plaintiff, v. George JACOBS, Defendant.

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

June 18, 1986.

Attorney(s) appearing for the Case

John L. Moncrief, New York City, for George Jacobs.

Stroock & Stroock & Lavan by Naomi Siegel, New York City, for trustee.

DECISION AND ORDER

CONRAD B. DUBERSTEIN, Chief Judge.

This is an adversary proceeding commenced by the Chapter 7 Trustee in bankruptcy of North American Dealer Group ("NADS" or the "debtor"), to recover a fraudulent conveyance pursuant to Section 548 of the Bankruptcy Code from George Jacobs ("Jacobs"), the former President and fifty percent stockholder of NADS.1

FACTS

NADS originally filed a petition for relief...

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