That is a necessary outcome of all successful bankruptcy proceedings. In rejecting a creditor's argument seeking the imposition of a constructive trust, the court in In Re Lewis Jones, Inc., 362 F. Supp. 919 (E.D.Pa. 1973), aff'd, 492 F.2d 1238 (3d Cir. 1974), observed that the "debtor in these proceedings was [not] any more `unjustly enriched' than any debtor in any Chapter XI proceeding who has not paid its creditors, and for that reason the funds should not be impressed with a constructive trust." 362 F. Supp. at 921.
Pierro v. Pierro, 438 Pa. 119, 127, 264 A.2d 692, 696 (1970), citing Chambers v. Chambers, 406 Pa. 50, 54, 176 A.2d 673, 675 (1962); and Gray v. Liebert, 357 Pa. 130, 135, 53 A.2d 132, 135 (1947). See also Morris v. Philadelphia Electric Co., 45 B.R. 350, 353 (E.D.Pa. 1984); In re Lewis Jones, Inc., 362 F. Supp. 919, 921 (E.D.Pa. 1973), aff'd, 492 F.2d 1238 (3d Cir. 1974); Murphy v. Landsburg, 58 F.R.D. 165, 170 (E.D.Pa.), aff'd, 490 F.2d 319 (3d Cir. 1973); In re American Int'l Airways, Inc., 44 B.R. 143, 146 (Bankr.E.D.Pa. 1984) (" AIA I"); Balazick v. Ireton, 518 Pa. 127, 134-35, 541 A.2d 1130, 1133 (1988); Buchanan v. Brentwood Federal Savings Loan Ass'n, 457 Pa. 135, 150, 320 A.2d 117, 126 (1974); and Kimball v. Barr Township, 249 Pa. Super. 420, 424, 378 A.2d 366, 368 (1977). A constructive trust is the vehicle through which equity remedies situations where "`property has been acquired in such circumstances that the holder of the legal title may not in good conscience retain the beneficial interest, [and therefore] equity converts him into a trustee.'"