MATTER OF SULLIVAN FORD SALES

Bankruptcy No. 179-10061; Adv. Nos. 179-0002 to 179-0004.

2 B.R. 350 (1980)

In the Matter of SULLIVAN FORD SALES, Debtor in Possession.

United States Bankruptcy Court, D. Maine.

January 31, 1980.


Attorney(s) appearing for the Case

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

Louis H. Kornreich, Goodman, Goodman & Kornreich, Bangor, Me., for Creditors' Committee.


MEMORANDUM OF DECISION

CONRAD K. CYR, Bankruptcy Judge.

Sullivan Ford Sales, the largest Ford dealership in Maine, filed a voluntary chapter 11 petition on November 23, 1979, whereupon reorganization relief was ordered by operation of law.1 On December 5, 1979, the debtor in possession caused three applications to be filed with the court for authorization to enter into various financial arrangements. These applications requested...

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