Trustee Appears To Claw Again $1.4M In Kossoff Agency’s Ch. 7

By Grace Dixon (June 30, 2022, 12:40 PM EDT) — The trustee to now-defunct actual property regulation agency Kossoff PLLC sought to claw again $1.475 million from Valley Nationwide Financial institution, alleging sole member Mitchell Kossoff –just lately sentenced for defrauding shoppers– drained agency funds with the financial institution’s assist to maintain a household enterprise afloat.

Chapter 7 Trustee Albert Togut hit Valley Nationwide Financial institution, subsidiary VNB New York, Kossoff and his mom Phyllis Kossoff with an adversary motion on Wednesday, alleging VNB issued the already bancrupt agency loans and a line of credit score that allowed Kossoff to shift Burton Packaging Co. Inc.’s burgeoning monetary money owed onto the agency.

“There was completely no enterprise…

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