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IN RE TRIPLE A SUGAR CORP.

Bankruptcy No. 77-63ND, Adv. 77-72.

3 B.R. 240 (1980)

In re TRIPLE A SUGAR CORPORATION, formerly Pine Tree Sugar Beet Growers, Inc., Debtor. MAINE GUARANTEE AUTHORITY, and Northern National Bank, Plaintiffs, v. TRIPLE A SUGAR CORPORATION, formerly Pine Tree Sugar Beet Growers, Inc., et al., Defendants.

United States Bankruptcy Court, D. Maine.

March 17, 1980.

Attorney(s) appearing for the Case

Jeremiah D. Newbury, Pierce, Atwood, Scribner, Allen, Smith & Lancaster, Portland, Me., for debtor.

Hugo A. Olore, Jr., Phillips, Olore & Walker, Presque Isle, Me., for Northern National.

P. Benjamin Zuckerman, Verrill & Dana, Portland, Me., for Creditors' Committee.

James R. Flaker, Perkins, Thompson, Hinckley & Keddy, Portland, Me., John W. Ballou, Mitchell & Stearns, Bangor, Me., for MGA.

MEMORANDUM OPINION

CONRAD K. CYR, Bankruptcy Judge.

The Maine Guarantee Authority [MGA], the Creditors' Committee and the debtor in possession have submitted to the court, as arbitrator, for final decision, certain issues raised by the proof of claim of the MGA and by the objection and counterclaim of the debtor in possession. The first issue for consideration by the court is whether the security interest of the MGA in personal property of the debtor was...

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