Travelers Express Co. v. Washington (In Re Washington)

MEMORANDUM OF DECISION

DAVID E. RUSSELL, Bankruptcy Judge.

FINDINGS OF FACT

Prior to the filing of his voluntary Chapter 7 petition in bankruptcy on August 10, 1987, Carl Washington (hereinafter “WASHINGTON”) was a partner with Mr. Milton Craig (hereinafter “Craig”) of Insta Cheek Cashing Co. (hereinafter “INSTA CHECK”) which, in addition to cashing checks and selling identification cards, issued money orders on behalf of Central Bank and, later, Traveler’s Express Co. (hereinafter “TRAVELERS”).

Although the commissions earned by INSTA CHECK from the sale of money orders constituted only a small…