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IN RE D.C.I. DANACO CONTRACTORS, INC.

Bankruptcy No. 889-91072-478, Adv. No. 890-81094-478.

141 B.R. 7 (1992)

In re D.C.I. DANACO CONTRACTORS, INC., Debtor. D.C.I. DANACO CONTRACTORS, INC., Plaintiff, v. EUROPEAN AMERICAN BANK, Defendant.

United States Bankruptcy Court E.D. New York.

June 8, 1992.

Attorney(s) appearing for the Case

Finkel, Goldstein, Berzow & Rosenbloom, New York City, for debtor/plaintiff.

Dollinger, Gonski, Rossman, Permut & Hirschorn, Carle Place, N.Y., for defendant.

DOROTHY EISENBERG, Bankruptcy Judge.

BACKGROUND

Plaintiff, D.C.I. Danaco Contractors, Inc. ("DCI" or "Debtor") has instituted this adversary proceeding seeking summary judgment pursuant to Bankruptcy Rule 7056 declaring that defendant European American Bank ("EAB" or "Defendant") does not have a security interest in DCI's accounts receivables, which arise from public improvements. The Court having carefully considered the facts and circumstances of the transactions...

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