IN RE AMERICAN INSULATOR CO.

Bankruptcy No. 85-00675G, Adv. No. 85-0629G.

60 B.R. 752 (1986)

In re AMERICAN INSULATOR COMPANY, Debtor. AMERICAN INSULATOR COMPANY, Plaintiff, v. MARSH PLASTICS, INC., Defendant, v. KRAFT AND KRAFT, P.C., Additional Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

May 14, 1986.


Attorney(s) appearing for the Case

Robert Szwajkos, Rubin, Quinn & Moss, Philadelphia, Pa., for debtor/plaintiff, American Insulator Co.

Kenneth F. Carobus, Morris & Adelman, P.C., Philadelphia, Pa., for defendant, Marsh Plastics, Inc.

Martin Kilstein, Kraft & Kraft, Philadelphia, Pa., for defendant, Kraft and Kraft.


OPINION

EMIL F. GOLDHABER, Chief Judge:

In a preference action under 11 U.S.C. § 547(b) of the Bankruptcy Code ("the Code"), the primary question for decision in the instant case in proving the debtor's insolvency is whether the debtor's assets should be attributed the value accorded them in the debtor's balance sheet or rather the value reflected in recent appraisals of the assets. For the reasons stated herein, we conclude that under § 547(b...

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