MATTER OF COASTAL GROUP, INC.

Bankruptcy Nos. 87-447 to 87-449.

125 B.R. 730 (1991)

In the Matter of COASTAL GROUP, INC., f/k/a Coastal Electric, Inc., Construction Management Services, Inc., Hatzel & Buehler, Inc., Debtors. CONSTRUCTION MANAGEMENT SERVICES, INC., Plaintiff, v. MANUFACTURERS HANOVER TRUST COMPANY, Defendant.

United States Bankruptcy Court, D. Delaware.

April 9, 1991.


Attorney(s) appearing for the Case

James L. Patton, Laura Davis Jones, Maureen D. McGlynn, Wilmington, Del., for debtors/plaintiffs.

Francis A. Monaco, Jr., Wilmington, Del., Morton L. Gitter, Glenn B. Rice, Rochelle Spergel, New York City, for defendant.


MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

The debtor Construction Management Services, Inc. (CMS) has filed an action to recover over $700,000 from Manufacturers Hanover Trust Company, (MHT) alleging interest payment preferences under § 547(b), insider preferences under § 547(b), and improper setoff under § 553 of the Code. MHT moves to dismiss the action, claiming that the applicable statute of limitations expired before...

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