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IN RE LEASE-A-FLEET, INC.

Bankruptcy No. 91-12996S, Adv. No. 92-0663S.

151 B.R. 341 (1993)

In re LEASE-A-FLEET, INC., Debtor. LEASE-A-FLEET, INC., Plaintiff, Mitsubishi Acceptance Corporation, Defendant and Third-Party Plaintiff, v. Donald L. WOLK, Steven C. Wolk, Robins Le-Cocq Corp., Third-Party Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

February 19, 1993.

Attorney(s) appearing for the Case

Patrick Stapleton, Rawle & Henderson; and Michael Needle, Philadelphia, PA, Sp. Counsel for debtor.

Steven B. Kantrowitz, Philadelphia, PA, for defendant.

David Mallenbaum, Robins Le-Cocq Corp., Jenkintown, PA, for third-party defendant Robins Le-Cocq Corp.

Donald L. Wolk, third-party defendant pro se.

Steven C. Wolk, third-party defendant pro se.

Karen Lee Turner, Philadelphia, PA, for Lauderhill.

Robert D. Sayre, Patterson & Weir, Philadelphia, PA, for Meridian Bank.

Frederic Baker, Asst. U.S. Trustee, Philadelphia, PA.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. Introduction

Presently before the court is an adversary proceeding commenced by LEASE-A-FLEET, INC. ("the Debtor") against MITSUBISHI ACCEPTANCE CORPORATION ("MAC") to recover, as preferential transfers, payments totalling $411,000 which were allegedly made to, and for the benefit of, MAC pursuant to a Mutual Release ("the Release") executed by the parties as a settlement of a lawsuit instituted...

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