IN RE LEFRAK

Bankruptcy No. 96 B 43478(SMB), Adversary No. 96/9393A.

215 B.R. 930 (1998)

In re Joseph S. LEFRAK, Debtor. Alexander SCHACHTER, as Trustee of the Estate of Joseph Lefrak, Plaintiff, v. Susan LEFRAK, Joseph S. Lefrak and 983 Tenants Corp., Defendants.

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

January 21, 1998.


Attorney(s) appearing for the Case

Alexander Schachter, New York City, for Plaintiff.

Sherman, Citron & Karasik, P.C. (Howard Karasik, of counsel), New York City, for Susan and Joseph Lefrak.

Richman & Fingerhut (Michael A. Richman, of counsel), New York City, for 983 Tenants Corp.


POST-TRIAL MEMORANDUM DECISION

STUART M. BERNSTEIN, Bankruptcy Judge.

The chapter 7 trustee commenced this adversary proceeding to recover title to the shares and proprietary lease pertaining to a cooperative apartment. The debtor originally acquired the shares and lease in his own name. He contends that he transferred a 50% interest to his wife in 1984 (the "1984 Transfer"), and the remaining 50% interest in 1994 (the "1994 Transfer"). The trustee contends...

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