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IN RE PHILADELPHIA LIGHT SUPPLY CO.

Bankruptcy No. 82-01526G.

39 B.R. 51 (1984)

In re PHILADELPHIA LIGHT SUPPLY CO., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

May 3, 1984.

Attorney(s) appearing for the Case

Joseph Jaffe, Nathan Lavine, Adelman Lavine Krasny Gold & Levin, Philadelphia, Pa., for debtor, Philadelphia Light Supply Co.

Joseph A. Dworetzky, Drinker Biddle & Reath, Michael L. Temin, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for Creditors' Committee, movant.

Faith R. Greenfield, Wexler, Weisman, Forman & Shapiro, P.C., Philadelphia, Pa., for alleged preferential transferee, Sydney M. Cohn.

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge.

The issue in the controversy at bench is whether we should grant the motion of the creditors' committee for leave to commence a preference action against the president and sole shareholder of the debtor in possession. For the reasons expressed herein we will grant the motion.

The facts of this case are as follows:1 Approximately two years ago Philadelphia Light Supply Co. ...

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