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IN RE HELEN GALLAGHER ENTERPRISES, INC.

Bankruptcy No. 88-81590, Adv. No. 89-8079.

126 B.R. 997 (1991)

In re HELEN GALLAGHER ENTERPRISES, INC., aka/dba Helen Gallagher's Kaleidoscope, Debtor. Charles E. COVEY, Trustee, Plaintiff, v. NORTHWEST COMMUNITY BANK, Defendant.

United States Bankruptcy Court, C.D. Illinois.

May 7, 1991.

Attorney(s) appearing for the Case

Charles E. Covey, Covey & Litterst, Ltd., Peoria, Ill., Trustee.

Kevin D. Schneider, Thomas W. O'Neal, Westervelt, Johnson, Nicoll & Keller, Peoria, Ill., for defendant.

OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

This is an adversary proceeding seeking recovery of alleged preferential transfers and the matters under consideration are joint motions for summary judgment.

The relevant facts, as stipulated are as follows. The Debtor, Helen Gallagher Enterprises, Inc., sold gift items at retail and maintained retail outlets nationwide. Francis E. Giamette and Dolores A...

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