In Re Entertainment Incorporated

MEMORANDUM

MERHIGE, District Judge.

Warner Elektra Atlantic Distributing Corporation (WEA) petitions the Court for a review of an order in this cause by the Bankruptcy Judge, dated October 29, 1973. Jurisdiction is attained by virtue of 11 U.S.C. § 67(c)'. ■

Basically, the facts are as follows:

In July, 1971, WEA entered into a business relationship with the Bankrupt whereby the Bankrupt would order, and WEA would supply, on an open account, sixty-day credit basis, phonograph records and recorded tapes. A security agreement, dated October 2, 1971, was entered into granting WEA a security interest…