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MATTER OF PHOENIX STEEL CORP.

Bankruptcy No. 83-290, Adv. No. 85-55.

76 B.R. 373 (1987)

In the Matter of PHOENIX STEEL CORPORATION, Debtor. PHOENIX STEEL CORPORATION, Plaintiff, v. RITTENHOUSE ORGANIZATION, Defendant.

United States Bankruptcy Court, D. Delaware.

July 27, 1987.

Attorney(s) appearing for the Case

James L. Patton, Jr., Young, Conaway, Stargatt & Taylor, Wilmington, Del., for debtor/plaintiff.

Craig B. Smith, Lassen, Smith, Katzenstein & Furlow, Wilmington, Del., for defendant.

David C. Corujo, Stradley, Ronon, Stevens & Young, Philadelphia, Pa., for defendant.

MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

On July 30, 1985, approximately two years after filing a Chapter 11 case, Phoenix Steel Corporation sued Rittenhouse Organization to recover an alleged preference of $50,625. Following discovery, pre-trial conference and several rescheduled trial dates, the court, on request of counsel, permitted the parties to submit a stipulation of facts (Doc. # 17) in lieu of trial.

Phoenix paid...

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