IN RE ACE FINANCE CO.

Bankruptcy No. B83-2897, Adv. Nos. B85-406, B85-408, B85-417, B85-418, B85-413, B85-414, B85-424, B85-428, B85-429, B85-433 and B85-435.

64 B.R. 688 (1986)

In re ACE FINANCE COMPANY, Debtor. ACE FINANCE COMPANY, Plaintiff. v. Carol Frances BERG, Barbara Bonner, Diana Loke, M.S. Sales Corp., et al., Frank Kleinman, Janet Kleinman, Mildred K. Schad, Edith Sozio, Jeff Sozio, et al., Elyse Turner, et al., and Edward H. Chesler, et al., Defendants.

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

August 22, 1986.


Attorney(s) appearing for the Case

Dianne Blocker, Harlan Stone Hertz, Cleveland, Ohio, for plaintiff.

Thomas M. McCarty, Akron, Ohio, Harry Greenfield, Cleveland, Ohio, Mary Whitmer, Akron, Ohio, Mildred K. Schad, Parma, Ohio, Richard D. Tomsick, Cleveland, Ohio, for defendants.


MEMORANDUM OF OPINION AND ORDER

RANDOLPH BAXTER, Bankruptcy Judge.

These several actions were consolidated and came on for a bifurcated trial proceeding solely on the issue to determine whether the Debtor, Ace Finance Company (Ace) was insolvent at the times certain alleged preferential transfers were made preceding the filing of its petition under Chapter 11. The Plaintiff in each of these matters is the duly appointed Creditors Committee.

The facts...

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