Legal Opinion
Sprehe v. Plazagal International Corp. (In re Plazagal International Corp.)
District Court, S.D. New York
Decided September 12, 1983No. Bankruptcy No. 81 B 11525 (EJR); Adv. No. 82-5739-APublishedCited by 1 opinion
1Opinion of the Court
DECISION ON DEBTOR’S MOTION FOR AN ORDER DIRECTING TURNOVER OF FUNDS, EDWARD J. RYAN, Bankruptcy Judge.
On July 31, 1981, Plazagal International Corporation (Plazagal) filed a petition for reorganization pursuant to Chapter 11 of the Bankruptcy Code. Prior to the filing of the petition, Plazagal was known to be engaged in the business, inter alia, of receiving goods on consignment for sale at public auctions.1
On February 9, 1981, Anne Sprehe (Sprehe) consigned two rings to Plazagal which it sold for $665, but Plazagal did not remit the proceeds to Sprehe.2 Robert Friedlander, the receiver…
2Cases cited5 opinions
- 1 Collier bankr.cas.2d 42, Bankr. L. Rep. P 67,033 Ralph I. Selby, Trustee in Bankruptcy for the Frimberger Corporation v. Ford Motor CompanyCourt of Appeals for the Sixth Circuit · 1979
- In Re Tate-Jones & Co.District Court, W.D. Pennsylvania · 1949
- Osborn v. Ketcham & Rothschild, Inc.Court of Appeals for the Ninth Circuit · 1931
- In re Renfro-WadensteinDistrict Court, W.D. Washington · 1931
- In Re Snider Bros., Inc.United States Bankruptcy Court, D. Massachusetts · 1981
3Cited by1 opinion
- Merrill v. Abbott (In Re Independent Clearing House Co.)United States Bankruptcy Court, D. Utah · 1984