Weiss v. People Savings Bank (In Re Three Partners, Inc.)
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM OF DECISION
HENRY J. BOROFF, Bankruptcy Judge.
Before the Court for determination is a Motion for Partial Summary Judgment filed by the Trustee in Bankruptcy, Steven Weiss (the “Trustee”) against the defendant, People Savings Bank (the “Defendant” or “Bank”) on Count I of the Complaint and on the Bank’s counterclaim. Through his Complaint, the Trustee seeks recovery of unauthorized post-petition transfers made to the Bank, pursuant to 11 U.S.C. § 549.
I. BACKGROUND
The following material facts are not disputed.
On or around November 12, 1987, Three Partners, Inc. (the “Debtor”)…
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