Associates Financial Services Co. v. Koran Enterprises, Inc. (In Re Koran Enterprises, Inc.)

FINDINGS OF FACT, CONCLUSIONS OF LAW, AND FINAL JUDGMENT FOR PLAINTIFF AND AGAINST DEFENDANT KEVIN K. KORAN IN THE SUM OF $19,675.00 AND OTHERWISE DENYING PLAINTIFF’S PRAYER FOR RELIEF AGAINST OTHER NAMED DEFENDANTS

DENNIS J. STEWART, Bankruptcy Judge.

Plaintiff, a creditor of the debtor entity holding a valid and perfected security interest in a portion of the accounts receivable of the debtor, seeks to recover the value of the diminution of the cash proceeds thereof from the principals of the debtor who are alleged to have used them without any authorization of the bankruptcy court as is…