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IN RE LEASE-A-FLEET, INC.

Bankruptcy No. 91-12996S, Adv. No. 92-0172S.

141 B.R. 853 (1992)

In re LEASE-A-FLEET, INC., Debtor. LEASE-A-FLEET, INC., Plaintiff, v. MORSE OPERATIONS, INC. d/b/a Lauderhill Leasing, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

June 9, 1992.

Attorney(s) appearing for the Case

Patrick Stapleton, Rawle & Henderson, Michael R. Needle, Philadelphia, Pa., for debtor.

Robert C. Sayre, Patterson & Weir, The Land Title Bldg., Philadelphia, Pa., for Banks.

Karen Lee Turner, Dilworth, Paxson, Kalish & Kauffman, Philadelphia, Pa., for Lauderhill.

Frederic Baker, Philadelphia, Pa., Asst. U.S. Trustee.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION

The instant proceeding is a rather singular action to recover alleged preferential payments made by LEASE-A-FLEET, INC. ("the Debtor"), an intermediate lessor-lessee of motor vehicles, to MORSE OPERATIONS, INC. doing business as LAUDERHILL LEASING ("Lauderhill"), the lessor of vehicles to the Debtor. The Debtor seeks to recover at least a portion of over $5.25 million paid by the Debtor to...

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