ROSEN v. BARCLAYS BANK OF NEW YORK

No. CV-90-0843.

115 B.R. 433 (1990)

Ted ROSEN, Trustee, Ideal Wire Mfg. and Coating Corporation, Plaintiff, v. BARCLAYS BANK OF NEW YORK, Defendant.

United States District Court, E.D. New York.

June 6, 1990.


Attorney(s) appearing for the Case

Richard Braverman, Teitelbaum, Braverman & Borges, Great Neck, N.Y., for plaintiff.

Aaron R. Cahn, Andrew I. Silfen, Hayt, Hayt & Landau, Great Neck, N.Y., for defendant.


MEMORANDUM AND ORDER

GLASSER, District Judge:

Plaintiff appeals from an order of the Bankruptcy Court granting summary judgment in favor of defendant. For the reasons stated below, that order is affirmed.

On January 26, 1983, Ideal Wire, the eventual debtor corporation, closed on a $500,000 loan from the Money Store. This loan was secured by property known as 155 The Helm, East Islip, Long Island (the "Property"), owned by Walter Lehman, the president...

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