Genz v. Hallmark Cards, Inc. (In re Silverman)

2 B.R. 326, 1980 Bankr. LEXIS 5647
CourtUnited States Bankruptcy Court, D. New Jersey
DecidedJanuary 29, 1980
DocketBankruptcy Nos. B-78-3121, B-78-3122
StatusPublished
Cited by2 cases

This text of 2 B.R. 326 (Genz v. Hallmark Cards, Inc. (In re Silverman)) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Genz v. Hallmark Cards, Inc. (In re Silverman), 2 B.R. 326, 1980 Bankr. LEXIS 5647 (N.J. 1980).

Opinion

OPINION

AMEL STARK, Bankruptcy Judge.

A complaint was filed by the Trustee in Bankruptcy, Edward A. Genz, Esquire, for the purpose of selling real property, known as 45 Flipper Avenue, Manahawkin, New Jersey, free and clear of judgment liens claimed by defendant-creditors, Gibson Greeting Cards, Inc., hereinafter referred to as “Gibson”, and Hallmark Cards, Inc., hereinafter referred to as “Hallmark”. Creditors, Gibson and Hallmark, have counterclaimed and also filed complaints against the Trustee for the purpose of determining the validity of their liens and to establish the priority of their liens over the interest of the Trustee. Creditor-plaintiffs seek leave to proceed with sale of the above premises to satisfy their judgments against Bankrupts Irving and Dorothy Silverman.

The questions presented here are (1) whether the sheriff properly executed the [328]*328levy on real property before exhausting the personal property of the debtors, and (2) whether discovery may be held after a writ of execution has been issued.

The property in question has been sold by the trustee, subject to the alleged liens of Hallmark and Gibson, such liens, if valid, to attach to the proceeds of the sale. For the purpose of this opinion, Gibson and Hallmark will be treated as plaintiffs.

FINDINGS OF FACT

1. On' June 22, 1977, judgment in the amount of $10,503.71 was entered in favor of Gibson, against now-bankrupts Irving and Dorothy Silverman, by the Superior Court of New Jersey, Law Division, Ocean County. A writ of execution was subsequently issued on July 12,1977 by the State court, but was returned unsatisfied.

2. On August 8, 1977, judgment for $43,-670.43 was entered in favor of Hallmark now-bankrupts Irving and Dorothy Silver-man, by the Superior Court of New Jersey, Law Division, Ocean County. A writ of execution was issued pursuant to this judgment on August 23, 1977, but was also returned unsatisfied.

3. On December 21, 1977, after the return of the original writs of execution, an Order compelling discovery of the Silvermans’ assets was entered by the Honorable William E. O’Connor, Jr., Judge of Superior Court of New Jersey. Discovery was postponed at the request of defendant-debtors from January 26, 1978, until August 23, 1978.

4. On August 16, 1978, alias writs of execution were issued by the State court.

5. On August 23, 1978, Irving Silverman completed an interrogatory concerning his personal assets. He also attempted, because of the absence of his wife at the taking of the interrogatory, to complete the interrogatories on her behalf.

6. The interrogatories propounded made no reference to household furnishings, but did demand answers as to ownership of motor vehicles, boats, etc.

7. Levy was made on the real property of the Silvermans by the sheriff on August 28, 1978.

8. On November 29, 1978, the sheriff levied on the personal property of the Silver-mans. The levy made by the sheriff revealed the presence of the following items on the premises of 45 Flipper Avenue, Ma-nahawkin:

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Related

Vitale v. Hotel California, Inc.
446 A.2d 880 (New Jersey Superior Court App Division, 1982)
Matter of Silverman
2 B.R. 326 (D. New Jersey, 1980)

Cite This Page — Counsel Stack

Bluebook (online)
2 B.R. 326, 1980 Bankr. LEXIS 5647, Counsel Stack Legal Research, https://law.counselstack.com/opinion/genz-v-hallmark-cards-inc-in-re-silverman-njb-1980.