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IN RE PHILIPS OFFSET CO., INC.

Bankruptcy No. 92-B-20436.

152 B.R. 836 (1992)

In re PHILIPS OFFSET CO., INC., Debtor. Eric C. KURTZMAN, Trustee of Philips Offset Co., Inc., Plaintiff, v. MUTUAL BENEFIT LIFE, Defendant.

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

April 8, 1992.

Attorney(s) appearing for the Case

Scheuermann & Davis, New York City, for Mutual Benefit Life.

Joseph J. Haspel, Spring Valley, NY, Kurtzman Haspel & Stein, for Trustee.

DECISION ON MOTION FOR ORDER DISMISSING OR STAYING ADVERSARY PROCEEDING

HOWARD SCHWARTZBERG, Bankruptcy Judge.

This adversary proceeding was brought by the Chapter 7 trustee on behalf of the debtor, Philips Offset Co., Inc. ("Philips"), against Mutual Benefit Life Insurance Company ("Mutual"). The trustee seeks an order directing Mutual to turnover to the estate the cash surrender value of two life insurance policies, alleged to have values of $2,637.45...

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