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IN RE PIONEER COMMERCIAL FUNDING CORP.

Bankruptcy No. 90 B 20085, No. 91 ADV. 6220.

140 B.R. 951 (1992)

In re PIONEER COMMERCIAL FUNDING CORPORATION (a/k/a PCFC of California), Debtor. PIONEER COMMERCIAL FUNDING CORPORATION, Plaintiff, v. APPLE BANK FOR SAVINGS, Defendant.

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

June 5, 1992.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City, for debtor, plaintiff.

Shea & Gould, New York City, for defendant.

DECISION ON MOTION AND CROSS-MOTION FOR SUMMARY JUDGMENT

HOWARD SCHWARTZBERG, Bankruptcy Judge.

One day's difference will control the potential recovery of $2.5 million as a voidable preferential transfer. The motion and cross-motion for summary judgment in this action raise the issue as to whose money is paid when a debtor agent remits to its principal unsegregated funds which it previously collected from obligors of the principal.

Pioneer Commercial...

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