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IN RE BAXCO CORP.

Bankruptcy Nos. 89 B 14757, 91 A 643.

148 B.R. 855 (1992)

In re BAXCO CORPORATION, Debtor. AFCO CREDIT CORPORATION, Plaintiff, v. BAXCO CORPORATION, Defendant.

United States Bankruptcy Court, N.D. Illinois, E.D.

October 14, 1992.

Attorney(s) appearing for the Case

Robert J. Trizna, Chicago, IL, for plaintiff AFCO.

David R. Herzog, Layfer Cohen & Handelsman, Chicago, IL, for defendant.

MEMORANDUM OPINION

ERWIN I. KATZ, Bankruptcy Judge.

This matter comes before the Court on the motion of AFCO Credit Corporation for summary judgment on its adversary complaint against the debtor Baxco Corporation. AFCO seeks certain unearned premiums which were turned over to the Chapter 7 trustee herein by Baxco's insurance agent upon cancellation of certain insurance policies AFCO financed for the debtor. While the Premium Finance Agreement between the...

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