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IN RE EQUIPMENT LEASSORS OF PENNSYLVANIA

Civ.A. No. 98-6709.

235 B.R. 361 (1999)

In re EQUIPMENT LEASSORS OF PENNSYLVANIA, Debtor. Barry Solodky, Trustee, v. Traub, Butz & Fogerty and Dover Funding Corporation.

United States District Court, E.D. Pennsylvania.

May 21, 1999.

Attorney(s) appearing for the Case

Matthew R. Nahrgang, Nahrgang and Associates, P.C., Paoli, PA, for Equipment Leassors of Pennsylvania, Debtor.

Michael H. Kaliner, Jackson & Sullivan, Fairless Hills, PA, for Barry A. Solodky, Chapter 7 Trustee.

Kevin T. Fogerty, Law Offices of Kevin T. Fogerty, Allentown, PA, for First Lehigh Bank, Appellant.

Ronald Clever, Allentown, PA, for Peleican Financial Corporation, Appellant.

Traub, Butz and Fogerty, P.C., C/O Seymour Traub, Blankr, Robe, Comisky & McCauley, Allentown, PA, Defendant, pro se.

Allen B. Dubroff, Philadelphia, PA, for Dover Funding Corporation, Defendant.

Frederic J. Baker, Philadelphia, PA, Trustee, pro se.

MEMORANDUM AND ORDER

YOHN, District Judge.

The debtor in this chapter 7 bankruptcy case is Equipment Leassors of Pennsylvania ("ELOP"), a closely held corporation principally owned and managed by William Thayer ("Thayer"). ELOP among other activities, was in the business of leasing helicopters. The current appeal concerns the entitlement of Dover Funding Corp. ("Dover") to receive an Aerospiatle A-Star 350D helicopter ("the helicopter") which is part...

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