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MATTER OF PLAZAGAL INTERN. CORP.

Bankruptcy No. 81 B 11525 (EJR), Adv. No. 82-5739-A.

33 B.R. 47 (1983)

In the Matter of PLAZAGAL INTERNATIONAL CORPORATION, Debtor. Anne SPREHE, Plaintiff, v. PLAZAGAL INTERNATIONAL CORPORATION, Defendant.

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

September 12, 1983.

Attorney(s) appearing for the Case

Albert Togut, New York City, for debtor.

Field, Lomenzo & Turret, New York City, for plaintiff.

DECISION ON DEBTOR'S MOTION FOR AN ORDER DIRECTING TURNOVER OF FUNDS

EDWARD J. RYAN, Bankruptcy Judge.

On July 31, 1981, Plazagal International Corporation (Plazagal) filed a petition for reorganization pursuant to Chapter 11 of the Bankruptcy Code. Prior to the filing of the petition, Plazagal was known to be engaged in the business, inter alia, of receiving goods on consignment for sale at public auctions.1

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