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IN RE IQ TELECOMMUNICATIONS, INC.

Bankruptcy No. 83 B 15617, Adv. No. 85 A 201, No. 86 C 1209.

70 B.R. 742 (1987)

In re IQ TELECOMMUNICATIONS, INC., Debtor. CENTRAL ILLINOIS SAVINGS & LOAN ASSOCIATION, a federal savings association, Plaintiff, v. RITTENBERG COMPANY, LTD., et al., Defendants.

United States District Court, N.D. Illinois, E.D.

February 6, 1987.

Attorney(s) appearing for the Case

James D. Skaar, Ruddy, Myler, Ruddy & Fabian, Aurora, Ill., for Charles J. Myler, Trustee in Bankruptcy.

Benjamin P. Hyink, Keevan D. Morgan, Lawrence M. Liebman, John A. Friedman, Drugas, Morgan & Hyink, Chicago, Ill., for Central Illinois Savings.

Sheldon Karon, Debra Riggs-Bonamici, Kathleen M. Dedmon, Karon, Morrison & Savikas, Ltd., Chicago, Ill., for David F. Peskind.

George B. Collins, Christopher Bargione, Collins & Uscian, Geoffrey A. Bryce, Rooks, Pitts & Poust, Chicago, Ill., for Rittenberg defendants.

Keevan D. Morgan, Benjamin P. Hyink, Lawrence M. Liebman, Drugas, Morgan & Hyink, Chicago, Ill., Leonard J. Wojtecki, William J. Truemper, Donald E. Mills, Truemper, Ward, Hollingsworth & Wojtecki, Aurora, Ill., Constantine N. Dranias, Chicago, Ill., for plaintiff.

Chester H. Foster, Arnstein, Gluck, Lehr Barron & Milligan, George B. Collins, Collins & Uscian, Christopher Bargione, Kenneth E. North, Solomon, Rosenfeld, Elliott & Stiefel, Joseph J. Ticktin, Chicago, Ill., for defendants.

MEMORANDUM AND ORDER

MORAN, District Judge.

Central Illinois Savings & Loan Association ("Central") is a major creditor of IQ Telecommunications, Inc. ("IQ"), the debtor in this bankruptcy case. Central Illinois filed an adversary complaint on behalf of the estate seeking to recover property conveyed by IQ to other entities shortly before and after IQ filed its Chapter 11 petition. The complaint names some 25 individuals and entities as defendants, and...

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