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IN RE DONALD SHELDON & CO., INC.

Bankruptcy No. 85-6538 AJG. Adv. 89-6256 AJG.

191 B.R. 39 (1996)

In re DONALD SHELDON & CO., INC., Debtor. Don L. HORWITZ, Trustee for the Liquidation of Donald Sheldon & Co., Inc., Plaintiff, v. Donald SHELDON, Defendant.

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

As Corrected January 17, 1996.

Attorney(s) appearing for the Case

Goldman & Hafetz by Lawrence S. Goldman, Anastasia G. Margaris, of Counsel, New York City, for Donald Sheldon.

Kaye, Scholer, Fierman, Hays & Handler by Jay G. Strum, John W. Schryber, Ross D. Cooper, of Counsel, New York City, for Trustee.

DECISION ON INVOCATION OF SPOUSAL PRIVILEGE

ARTHUR J. GONZALEZ, Bankruptcy Judge.

INTRODUCTION

Donald Sheldon is the principal and founder of Donald Sheldon & Co., Inc. (the "Debtor"), a securities brokerage house, which filed for Securities Investor Protection Act ("SIPA") liquidation in 1985. See Federal Insurance Co. v. Horwitz (In re Donald Sheldon & Co., Inc.), 150 B.R. 314, 315 (S.D.N.Y.1993...

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