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IN RE VIRTUAL NETWORK SERVICES CORP.

Bankruptcy Nos. 86 B 14849, 87 A 1022.

92 B.R. 784 (1988)

In re VIRTUAL NETWORK SERVICES CORPORATION, Debtor. VIRTUAL NETWORK SERVICES CORPORATION, Plaintiff, v. AFFILIATED TELEPHONE; Alexander & Alexander; Amoco Oil Co.; Bell Advertising; Boyer-Rosene Moving & Storage; Computerland; Corporate Products; Datapro; Compuletter; Dunn & Bradstreet; Elizabeth Israel Advertising Agency, Inc.; Ericsson Network Systems; Fishman & Merrick; G-H Products, Inc.; Hawthorn Realty Group, Keystone Fire Production Co.; Lavin, Fuller Perkins Advertising; National Business Systems; Nordic Hills Resort; North American Van Lines, Podolsky & Associates; Rockwell International; Sage Instruments, the Artworks Corp.; Tom Derpack; Tricom, Inc., Defendants.

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

November 3, 1988.

Attorney(s) appearing for the Case

Scott N. Schreiber, Towbin & Zazove, Chicago, Ill., for plaintiff.

Win Wehrli, Naperville, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

ERWIN I. KATZ, Bankruptcy Judge.

This matter comes before this Court on the Motion for Summary Judgment of Plaintiff, Virtual Network Services Corporation ("VNS") in its action against Thomas Derpack ("Derpack") to recover a preferential payment. The facts are not in dispute. Derpack was employed by VNS from May 3, 1985 to March 7, 1986. The written terms of employment included a specified annual salary, a guaranteed $10,000...

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