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MATTER OF WILLIAM H. VAUGHAN & CO., INC.

Civ. A. No. 85-5887.

63 B.R. 438 (1986)

In the Matter of WILLIAM H. VAUGHAN & CO., INC.

United States District Court, E.D. Pennsylvania.

July 24, 1986.

Attorney(s) appearing for the Case

Jonathan Dryer, Philadelphia, Pa., for Ennia Ins. Co.

Albert Ciardi, A.W. Novasitis, Jr., Philadelphia, Pa., for Vaughan & Co.

Myron Bloom, Philadelphia, Pa., for Indus. Valley Bk.

L. Lichtenstein, Philadelphia, Pa., for trustee.

Fred Zimmerman, Pennsauken, N.J., Thomas A. Guise, Clerk, U.S. Bankruptcy Ct., Philadelphia, Pa., for defendant.

MEMORANDUM AND ORDER

TROUTMAN, Senior District Judge.

In April, 1986, this Court issued a Memorandum and Order affirming the Bankruptcy Court's conclusion that funds in account # 898-294-5 at the Industrial Valley Bank were property of the bankruptcy estate of William H. Vaughan & Co., Inc., a Chapter 7 debtor. As property of the estate, funds in the IVB account were subject to the bank's right to set-off. In its appeal from the Bankruptcy Court's order...

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