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IN RE PHOTO PROMOTION ASSOCIATES, INC.

Bankruptcy No. 84 B 20417, Adv. No. 85-0045.

104 B.R. 646 (1989)

In re PHOTO PROMOTION ASSOCIATES, INC., Debtor. NANUET NATIONAL BANK, Plaintiff, v. PHOTO PROMOTION ASSOCIATES, INC., Jeffrey Sapir, Interim Trustee, and First Transcapital Corp., Defendants.

United States Bankruptcy Court, S.D. New York.

September 18, 1989.

Attorney(s) appearing for the Case

Salomon Green & Ostrow, P.C., New York City, for First Transcapital Corp.

Siegel, Sommers & Schwartz, Hicksville, N.Y., for Jeffrey Sapir, interim trustee.

DECISION ON MOTION FOR ORDER VACATING ORDER DISMISSING COUNTERCLAIMS

HOWARD SCHWARTZBERG, Bankruptcy Judge.

First Transcapital Corporation ("FTC"), a corporation which advanced post-petition funds to the above captioned debtor before the debtor was converted from Chapter 11 to Chapter 7 of the Bankruptcy Code, seeks to vacate the court's dismissal of its crossclaims against the Chapter 7 trustee in bankruptcy. FTC had not appeared at the trial of an adversary...

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