MATTER OF OLIVER'S STORES, INC.

Bankruptcy No. 87-01226, Adv. No. 88-0289.

112 B.R. 671 (1989)

In the Matter of OLIVER'S STORES, INC., Debtor. Carmen J. MAGGIO, Trustee of Oliver's Stores, Inc., Plaintiff, v. MANUFACTURERS HANOVER TRUST COMPANY, Defendant.

United States Bankruptcy Court, D. New Jersey.

December 29, 1989.


Attorney(s) appearing for the Case

Paul Kizel, Ravin, Sarasohn, Cook, Baumgarten, Fisch & Baime, Roseland, N.J., for plaintiff.

Kenneth S. Goodkind, Greenbaum, Rowe, Smith, Ravin, Davis & Bergstein, Woodbridge, N.J., Jade Yellin and Melaney R. Gray, Simpson, Thacher & Bartlett, New York City (Richard A. Gerard, Vice President and Counsel, Mfrs. Hanover Trust Co., New York City, of counsel), for defendant.


OPINION

WILLIAM F. TUOHEY, Bankruptcy Judge.

The matter before the court is an adversary proceeding initiated by Carmen J. Maggio, the plaintiff herein and trustee ("Trustee") of Oliver's Stores, Inc. ("Oliver's" or the "Debtor") to recover an alleged preferential transfer from the defendant, Manufacturers Hanover Trust Company ("MHT Co."), pursuant to 11 U.S.C. § 547(b) and § 550. The court possesses jurisdiction over this "core proceeding" pursuant...

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