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IN RE ARTHA MANAGEMENT, INC.

Bankruptcy Nos. 90-B-10438 (BRL) to 90-B-10504 (BRL). Adv. No. 92-8693A.

174 B.R. 671 (1994)

In re ARTHA MANAGEMENT, INC., All-Z Const. Corp., Abram Gin, Alex Zaika, and related cases, Debtors. John S. PEREIRA, Esq., a Chapter 11 Trustee of the Estates of 3204 Holland Owners Corp., 1055 Walton Avenue Associates and 546-52 West 146 Associates, Plaintiff, v. LEHIGH SAVINGS BANK, SLA and Lehigh Financial Corporation, Defendants.

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

November 18, 1994.

Attorney(s) appearing for the Case

Salomon Green & Ostrow, P.C., Shmuel Vassar, New York City, for trustee.

Woehling & Freeman, Francine Chesler, Westfield, NJ, for Lehigh Financial Corp.

MEMORANDUM DECISION

BURTON R. LIFLAND, Chief Judge.

The line of authority supporting the application of an expanded preference liability known, inter alia, as the Deprizio Doctrine has recently been precluded by legislative enactment. However, seeking to slip through a perceived open window in this jurisdiction, John S. Pereira, Chapter 11 Trustee (the "Trustee") of 3204 Holland Owners Corp. ("Holland") and 546-52 West 146 Associates...

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