IN RE MUSCONGUS BAY CO.

No. 79-1039.

597 F.2d 11 (1979)

In re MUSCONGUS BAY COMPANY, d/b/a Muscongus Bay Wood Products, Muscongus Associates, Inc., and Northeast Industry, Inc., Bankrupt. Appeal of Anthony ABBOTONI.

United States Court of Appeals, First Circuit.

Decided April 30, 1979.


Attorney(s) appearing for the Case

Gordon F. Grimes, Portland, Me., with whom Richard E. Poulos and Bernstein, Shur, Sawyer & Nelson, Portland, Me., were on brief, for appellant.

George J. Marcus, Portland, Me., with whom Pierce, Atwood, Scribner, Allen, Smith & Lancaster, Portland, Me., was on brief, for appellee.

Before COFFIN, Chief Judge, CAMPBELL and BOWNES, Circuit Judges.


LEVIN H. CAMPBELL, Circuit Judge.

In the bankruptcy sale that generated this appeal, the bankruptcy court refused to confirm Mr. Abbotoni's bid of $23,333, which was both the only and the highest timely bid at public auction. Instead it extended the bidding period upon receiving a late offer from Mr. Winchenback for $26,200. The court subsequently confirmed sale to Mr. Winchenback for $28,350, which was the highest bid submitted during the bidding extension. Mr. Abbotoni...

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