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IN RE PHOTO PROMOTION ASSOCIATES, INC.

Bankruptcy No. 84 B 20417, 85 Adv. 6045.

61 B.R. 936 (1986)

In re PHOTO PROMOTION ASSOCIATES, INC., Debtor. NANUET NATIONAL BANK, Plaintiff, v. PHOTO PROMOTION ASSOCIATES, INC., Jeffrey Sapir, Interim Trustee, and First Transcapital Corp., Defendants.

United States Bankruptcy Court, S.D. New York.

June 17, 1986.

Attorney(s) appearing for the Case

Robert E. Blackburn and Associates, Suffern, N.Y., for Nanuet Nat. Bank; Richard K. Matanle, II, of counsel.

Siegel, Sommers & Schwartz, New York City, for Jeffrey Sapir, trustee; Leonard Schwartz, of counsel.

DECISION ON COMPLAINT SEEKING ORDER FOR RECOVERY OF FUNDS

HOWARD SCHWARTZBERG, Bankruptcy Judge.

Nanuet National Bank ("NNB"), the plaintiff in this adversary proceeding, seeks to recover the proceeds from photographic portrait orders which the trustee in bankruptcy caused to be processed and filled after the debtor's Chapter 11 reorganization case was converted for liquidation under Chapter 7 of the Bankruptcy Code. The trustee in bankruptcy contends that...

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