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IN RE STANDARD FINANCIAL MANAGEMENT CORP.

Bankruptcy No. 87-10219-HL.

94 B.R. 231 (1988)

In re STANDARD FINANCIAL MANAGEMENT CORP., d/b/a New England Rare Coin Galleries, Debtor.

United States Bankruptcy Court, D. Massachusetts.

May 11, 1988.

Attorney(s) appearing for the Case

Joseph F. Ryan, Brown, Rudnick Freed & Gesmer, Boston, Mass., for debtor.

Cyril Hochberg, Hochberg & Rossi, Boston, Mass., for Bank of New England.

MEMORANDUM RE: CREDIT CARD CHARGEBACKS

HAROLD LAVIEN, Bankruptcy Judge.

The debtor, Standard Financial Management Company, d/b/a New England Rare Coin Galleries (NERCG) sold rare coins through its store as well as over the telephone. Payments for the rare coins were made by cash, check, credit cards or wire transfers. On February 13, 1987, the Federal District Court of Massachusetts, at a hearing on the complaint of the Federal Trade Commission, appointed...

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