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IN RE TTS, INC.

Bankruptcy No. 89-414, Adv. No. 89-90.

125 B.R. 411 (1991)

In re TTS, INC., Debtor. TTS, INC., Plaintiff, v. CITIBANK, N.A., and Jarvis J. Slade, Defendants.

United States Bankruptcy Court, D. Delaware.

March 8, 1991.

Attorney(s) appearing for the Case

Stephen W. Armstrong, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., and Thomas Ambro, Richards, Layton & Finger, Wilmington, Del., for debtor/plaintiff.

Peter J. Walsh, Bayard, Handelman & Murdoch, P.A., Wilmington, Del., for defendant Jarvis J. Slade.

MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

This is the court's opinion on cross-motions for summary judgment. TTS, Inc. sued Citibank, N.A. and Jarvis J. Slade. TTS seeks a declaration that property held by Citibank as escrow agent is property of the bankruptcy estate and asks that Citibank and Slade be directed to turn that property over to the estate of TTS, Inc.

I. Facts

The following facts are not in dispute...

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