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IN RE ALMARC MFG., INC.

Bankruptcy Nos. 83 B 2639, 85 A 232.

62 B.R. 684 (1986)

In re ALMARC MANUFACTURING, INC., Debtor. Bernard C. CHAITMAN, Trustee of Almarc Manufacturing, Inc., Plaintiff, v. PAISANO AUTOMOTIVE LIQUIDS, INC., Defendant.

United States Bankruptcy Court, N.D. Illinois, E.D.

July 24, 1986.

Attorney(s) appearing for the Case

Arthur Raphael, Teller, Levit & Silvertrust, P.C. Chicago, Ill., for trustee.

Raymond E. Stachnik, Abramson & Fox, Chicago, Ill., for Paisano.

MEMORANDUM AND ORDER

ROBERT E. GINSBERG, Bankruptcy Judge.

The trustee has filed a complaint seeking to recover a preferential payment to Paisano Automotive Liquids, Inc. under 11 U.S.C. § 547(b). The parties have presented the case to the Court on stipulated facts. The sole issue in dispute is whether Paisano may set off the amount of an alleged subsequent advance to the debtor against the amounts it has received in an otherwise preferential transfer...

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