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MATTER OF MAPLEWOOD POULTRY CO.

Bankruptcy No. BK-79-147-ND, Adv. 76-116, Adv. 79-105 to 79-108.

2 B.R. 550 (1980)

In the Matter of MAPLEWOOD POULTRY COMPANY et al., Bankrupt. THICO PLAN, INC., Plaintiff, v. MAPLEWOOD POULTRY COMPANY, Defendant.

United States Bankruptcy Court, D. Maine.

January 25, 1980.

Attorney(s) appearing for the Case

Daniel Mooers, Reefe & Mooers, Portland, Me., for debtor.

Richard S. Mittleman, Zietz, Sonkin, Radin & Mittleman, Providence, R.I., Harry A. Tabenken, Bangor, Me., for Thico Plan, Inc.

MEMORANDUM DECISION

CONRAD K. CYR, Bankruptcy Judge.

Thico Plan, Inc. [Thico], an insurance premium finance company, loaned Maplewood Poultry Co. [Maplewood], debtor in possession, the funds with which to pay premiums due Underwriters of Lloyds [Lloyds], the insurer, on three policies of insurance covering real and personal property of the debtor in possession. While the loans were made to Maplewood, the premium advances were remitted directly to Lloyds...

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