STORY FROM: Asbestos
Pittsburgh Corning Bankruptcy Estate Retains Interest in Settlement
December 1, 2000
PITTSBURGH, Pa. - A settlement for $15,000 represents bankruptcy estate property when the check it was written on was dishonored at the time of transfer, a bankruptcy court judge has ruled. In re: Pittsburgh Corning Corp., No. 00-22876 (W.D. Pa. Bankr.).
Judge Judith K. Fitzgerald denied a motion to direct payment of settlement after she determined that transfers represented by a check occur on the date the check is honored, rather than the date the payee receives it.
Deirdre Anderson-Scrip, the administratrix of the estate of David Lee Scrip, filed a wrongful death/survival suit against Pittsburgh Corning in the ...
United States Bankrupcy Court For The Western District Of Pennsylvania In RE: Pittsburgh Corning Corporation