IN RE HART SKI MFG. CO., INC.

Bankruptcy No. 3-80-200, Adv. No. 80-45.

7 B.R. 465 (1980)

In re HART SKI MFG. CO., INC., Debtor. AETNA BUSINESS CREDIT, INC., Plaintiff, v. HART SKI MFG. CO., INC., The First National Bank of St. Paul, and the Unsecured Creditors' Committee of Hart Ski Mfg. Co., Inc., Defendants.

United States Bankruptcy Court, D. Minnesota, Third Division.

December 10, 1980.


Attorney(s) appearing for the Case

Richard D. Holper, Kutak Rock & Huie, Minneapolis, Minn., for plaintiff.

Robert S. Brill, Doherty, Rumble & Butler, Minneapolis, Minn., for defendant, Hart Ski Mfg. Co., Inc.

Andrea M. Bond, Briggs & Morgan, St. Paul, Minn., for defendant, The First Nat. Bank of St. Paul.

William I. Kampf, St. Paul, Minn., for defendant, the Unsecured Creditors' Committee.


FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

JACOB DIM, Bankruptcy Judge.

This matter came on for trial on July 15, 1980 upon the complaint of Aetna Business Credit, Inc. (Aetna) for declaratory judgment. The complaint sought a determination of Aetna's liability on certain guaranties issued by Aetna for Hart on letters of credit obtained by Hart through First Bank. The Committee intervened as a party-defendant, claiming the transaction to be a voidable...

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