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IN RE JOY RECOVERY TECHNOLOGY CORP.

Bankruptcy No. 97 B 36491, Adversary No. 98 A 02044.

286 B.R. 54 (2002)

In re JOY RECOVERY TECHNOLOGY CORPORATION, Debtor. Noel Daley, not individually, but solely as Trustee for the Joy Recovery Technology Corporation Liquidation Trust, Plaintiff, v. Mark J.F. Chang and Cathy C.H. Chang, Defendants.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

November 20, 2002.

Attorney(s) appearing for the Case

Christopher J. Horvay, Esq., Gould & Ratner, Chicago, IL, for Plaintiff.

Scott N. Schreiber, Esq. Much, Shellist, Freed, Denenberg, Ament & Rubenstein, P.C., for Defendants.

Stephen Wolfe, Esq., U.S. Trustee.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

JACK B. SCHMETTERER, Bankruptcy Judge.

In the related Chapter 11 Bankruptcy of Joy Recovery Technology Corporation ("Joy"), its liquidating Plan was confirmed on September 24, 1998. Joy liquidated its assets and established a Liquidating Trust (the "Trust") to pursue the present Adversary, over which the confirmed Plan retained jurisdiction in this Court. Noel H. Daley ("Trustee") was appointed as Trustee of...

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