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IN RE CHESTER WOODWORKING, INC.

Bankruptcy No. 80-00180G, Adv. No. 84-1252G.

56 B.R. 711 (1986)

In re CHESTER WOODWORKING, INC., Debtor. CHESTER WOODWORKING, INC., Plaintiff, v. S.S. KEELY & SONS, INC., Joseph Moran and Boyertown Planing Mill Company, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

January 22, 1986.

Attorney(s) appearing for the Case

Jay G. Ochroch, Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., for debtor/plaintiff, Chester Woodworking, Inc.

John P. Kennedy, Lucy I. Corcoran, Philadelphia, Pa., for defendants, S.S. Kelly & Sons, Inc. and Joseph Moran.

Marcy B. Tanker, Liebert, Short, Fitzpatrick & Lavin, Philadelphia, Pa., for defendant, Boyertown Planing Mill Co.

OPINION

EMIL F. GOLDHABER, Chief Judge:

The matter for resolution is whether transfers of several executory contracts are avoidable under Pennsylvania's Uniform Fraudulent Conveyance Act ("the Conveyance Act") on the basis that adequate consideration was not passed for the contracts. Under the findings of fact and conclusions of law expressed below, we hold that the transfers are not avoidable.

The facts of this case are as follows:

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