Taylor v. Knostman (In re John Taylor Co.)

On February 18,1979, John Taylor Co. (a corporation), Jay Tee Products Company, Inc., John Taylor, Jr., and Phyllis Taylor filed petitions for reorganization in bankruptcy. Under § 403(a) of the Bankruptcy Reform Act of 1978, their cases were to be conducted and determined under the Bankruptcy Act of 1898 rather than the then-newly enacted Bankruptcy Code of 1978. On March 12, 1979, the bankruptcy court ordered the cases “consolidated.” John Taylor died in 1984; appellant Phyllis Taylor was appointed executrix of his estate. In 1985, Gary Knostman was appointed Trustee and the case was…