MATTER OF TAXMAN CLOTHING CO., INC.

No. 88-3124.

905 F.2d 166 (1990)

In the Matter of TAXMAN CLOTHING CO., INC., Debtor. Appeal of ARTHUR WINER, INC., et al.

United States Court of Appeals, Seventh Circuit.

Decided June 21, 1990.

Rehearing and Rehearing Denied August 7, 1990.


Attorney(s) appearing for the Case

Philip S. Aimen, Eugene Crane, Dannen, Crane, Heyman & Simon, Chicago, Ill., for plaintiff-appellee.

Steven Radtke, Max Chill, Chill, Chill & Radtke, Chicago, Ill., for defendants-appellants.

Before POSNER, COFFEY, and MANION, Circuit Judges.


Rehearing and Rehearing En Banc Denied August 7, 1990.

POSNER, Circuit Judge.

This antique bankruptcy case (it is more than nine years old, yet only involves the liquidation of a modest retail concern) presents an interesting question concerning the value of the debtor's inventory on the day it made transfers to some of its creditors. Taxman Clothing Company operated a men's clothing store in Chicago. The store closed its doors on February 21, 1981, and a...

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