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IN RE RAVE COMMUNICATIONS, INC.

Bankruptcy No. 88-B-11936, Adv. No. 89-5501A.

128 B.R. 369 (1991)

In re RAVE COMMUNICATIONS, INC., Debtor. Lynn P. HARRISON III, as Trustee for the Estate of RAVE COMMUNICATIONS, INC., Plaintiff, v. The INK SPOT, Defendant.

United States Bankruptcy Court, S.D. New York.

June 24, 1991.

Attorney(s) appearing for the Case

Curtis, Mallet-Prevost, Colt & Mosle by Gary M. Feuerman, Lynn P. Harrison III, New York City, for Chapter 7 Trustee.

Barr & Rosenbaum by Harvey S. Barr, Spring Valley, N.Y., for defendant.

RESERVE DECISION ON INK SPOT'S DEFENSES OF "ORDINARY COURSE OF BUSINESS" AND "NEW VALUE" UNDER § 547(c)(2) and (4)

CORNELIUS BLACKSHEAR, Bankruptcy Judge.

Introduction

On September 8, 1988, petitioning creditors filed an involuntary petition ("petition") against Rave Communications, Inc. ("Rave" or "Debtor") for chapter 7 liquidation pursuant to Title 11 of the United States Code ("Code"). Thereafter...

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