IN RE PEMBROKE DEVELOPMENT CORP.

Bankruptcy No. 90-26406-BKC-SMW, Adv. No. 90-0582-BKC-SMW-A.

124 B.R. 398 (1991)

In re PEMBROKE DEVELOPMENT CORPORATION, Debtor. PEMBROKE DEVELOPMENT CORPORATION, Plaintiff, v. COMMONWEALTH SAVINGS & LOAN ASSOCIATION, a Federal Savings and Loan Association under the conservatorship of Resolution Trust Corporation, Defendant.

United States Bankruptcy Court, S.D. Florida.

March 4, 1991.


Attorney(s) appearing for the Case

Raymond Ray, Fort Lauderdale, Fla., for plaintiff.

John Genovese, Miami, Fla., for defendant.


FINDINGS OF FACT AND CONCLUSION OF LAW

SIDNEY M. WEAVER, Chief Judge.

THIS CAUSE having come before the Court upon the complaint of Pembroke Development Corporation (the "debtor") against Commonwealth Federal Savings & Loan Association (the "creditor") to avoid a Loan Modification Agreement as a preference or alternatively as a fraudulent conveyance, and the Court having heard the testimony, examined the evidence presented, observed the candor and demeanor...

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