IN RE LEEDY MORTG. CO., INC.

Bankruptcy No. 83-03502S.

111 B.R. 488 (1990)

In re LEEDY MORTGAGE COMPANY, INC. (Jointly Administered with Phila. Mortgage Trust Bankr. No. 83-03504S Investment Corp. of America Bankr. No. 83-03503S), Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

March 21, 1990.


Attorney(s) appearing for the Case

David S. Fishbone, Philadelphia, Pa., for trustee.

Mary F. Walrath, Clark Ladner Fortenbaugh & Young, Philadelphia, Pa., for claimants.

Myron A. Bloom, Philadelphia, Pa., for debtor.


OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION

The instant consolidated contested matters are Objections filed by the Trustee of a mortgage service company which is presently a Chapter 7 Debtor mortgage service company to administrative and secured Proofs of Claim filed by lending institutions whose mortgages the Debtor serviced. Applying the precept that preferences or priorities to creditors should be carefully assessed and allowed...

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