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IN RE PALI HOLDINGS, INC.

Bankruptcy No. 10-11727 (REG). Adversary No. 11-02912 (REG).

488 B.R. 841 (2013)

In re PALI HOLDINGS, INC., Debtor. Yann Geron, Chapter 7 Trustee of the Estate of Pali Holdings, Inc., Plaintiff, v. David Peebler, Defendant.

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

March 25, 2013.

Attorney(s) appearing for the Case

Fox Rothschild LLP, By: John Wait, Esq. , Oksana Wright, Esq. (argued), New York, NY, for Plaintiff Yann Geron, Chapter 7 Trustee.

Jones & Associates, By: Roland Gary Jones, Esq. , New York, NY, Law Office of Ira R. Abel, By: Ira R. Abel, Esq. (argued), New York, NY, for Defendant David Peebler.

DECISION ON MOTION FOR SUMMARY JUDGMENT

ROBERT E. GERBER, Bankruptcy Judge.

In this adversary proceeding under the umbrella of the chapter 7 case of Debtor Pali Holdings, Inc., plaintiff Yann Geron, the chapter 7 Trustee (the "Trustee"), seeks turnover, under section 542 of the Bankruptcy Code, of the proceeds of a promissory note (the "Note") defendant David Peebler executed in favor of Pali Holdings. Peebler's defenses to payment...

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