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IN RE INVESTORS & LENDERS, LTD.

Bankruptcy No. 92-30754. Adv. No. 93-3294TS.

165 B.R. 389 (1994)

In re INVESTORS & LENDERS, LTD., Debtor. OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF INVESTORS & LENDERS, LTD., Plaintiff, v. Thornton S. FIELD, Sr., et al., Defendants.

United States Bankruptcy Court, D. New Jersey.

March 24, 1994.

Attorney(s) appearing for the Case

Michael J. Lerner, James Lawlor, Crummy, Del Deo, Dolan, Griffinger & Vecchione, Newark, NJ, for plaintiff.

Howard Schmidt, Sayreville, NJ, for defendant Nancy Yanosh.

James B. Brown, Shore and Zahn, East Brunswick, NJ, for defendants Flomerfelt, Flynn and Butler.

Donald Veix, Jr., Mason, Griffin & Pierson, Princeton, NJ, for defendants Feit, Field, Glass, Schell, Sigle and Chelednik.

MEMORANDUM OPINION

STEPHEN A. STRIPP, Bankruptcy Judge.

This constitutes the court's decision on a motion by the Official Committee of Unsecured Creditors of the debtor, Investors and Lenders, for summary judgment avoiding the liens of eleven separate defendants. The eleven defendants have filed cross-motions for summary judgment. All eleven defendants made pre-petition loans to the debtor, secured by notes and mortgages held by the debtor and assigned...

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