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IN RE SKIL-AIRE CORP.

Bankruptcy No. 89-02917, Adv. No. 91-3090 TS.

142 B.R. 692 (1992)

In re SKIL-AIRE CORP., Debtor. David P. MICHAELS, Trustee for the Estate of Skil-Aire Corp., Plaintiff, v. John W. LOMAX, H. John Kazmar and John E. Sheehan, Defendants.

United States Bankruptcy Court, D. New Jersey.

July 29, 1992.

Attorney(s) appearing for the Case

Dale E. Barney, Crummy, Del Deo, Dolan, Griffinger & Vecchione, Newark, N.J., for plaintiff.

William C. Slattery, Norris, McLaughlin & Marcus, Somerville, N.J., for defendant H. John Kazmar.

Peter J. Broege, Wood, Broege, Neumann & Fischer, Manasquan, N.J., for defendant John E. Sheehan.

MEMORANDUM OPINION

STEPHEN A. STRIPP, Bankruptcy Judge.

On February 8, 1991 David P. Michaels, trustee of the bankruptcy estate of Skil-Aire Corp. ("the trustee"), filed a complaint commencing this adversary proceeding to avoid fraudulent transfers under section 544(b) of title 11, United States Code ("Bankruptcy Code" or "Code"). Defendants H. John Kazmar ("Kazmar") and John E. Sheehan ("Sheehan") filed answers denying liability, and Kazmar demanded a jury...

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