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IN RE PARKWAY CALABASAS LTD.

Bankruptcy Nos. CA 84-07435 SB, LA 84-07436 SB, LA 84-09002 SB to LA 84-09004 SB.

89 B.R. 832 (1988)

In re PARKWAY CALABASAS LTD., Debtor. In re Marc H. SIEGAL, Debtor. In re GRANADA CALABASAS LTD., Debtor. In re CALABASAS BUSINESS PARK, PHASE I LTD., Debtor. In re NORTH COUNTY PLACE, LTD., Debtor. David A. GILL, Trustee, Plaintiff, v. SIERRA PACIFIC CONSTRUCTION, INC., Defendant.

United States Bankruptcy Court, C.D. California.

August 12, 1988.

Attorney(s) appearing for the Case

David Weinstein, Danning, Gill, Gould, Diamond, and Spector, Los Angeles, Cal., for debtor.

Michael Schwartz, Augora Hills, Cal., for Sierra Pacific Constructors.

OPINION DISMISSING FRAUDULENT CONVEYANCE PROCEEDING

SAMUEL L. BUFFORD, Bankruptcy Judge.

I. INTRODUCTION

This adversary proceeding presents the issue of whether a fraudulent conveyance cause of action is rendered moot by the substantive consolidation of two bankruptcy cases, where the fraudulent conveyance arises from one debtor's pre-petition payment of a debt that was owed by the other.

The Court holds that the fraudulent conveyance cause...

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