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MATTER OF SEARLES CASTLE ENTERPRISES, INC.

Bankruptcy No. 81-00160-G.

12 B.R. 127 (1981)

In the Matter of SEARLES CASTLE ENTERPRISES, INC., Debtor.

United States Bankruptcy Court, D. Massachusetts.

June 29, 1981.

Attorney(s) appearing for the Case

Gerald Denmark, Pittsfield, Mass., for debtor.

Irving D. Labovitz, Washington, D.C., for Alpha Futura, Ltd.

MEMORANDUM AND ORDER

PAUL W. GLENNON, Bankruptcy Judge.

On March 6, 1981, Searles Castle Enterprises, Inc. (the "Debtor") filed a Petition for Relief pursuant to Chapter 11 of the New Bankruptcy Code. 11 U.S.C. §§ 1101, et seq. Pursuant to § 1101, a Chapter 11 debtor means a "debtor in possession" and, as such, it has all the rights and powers, and shall perform all the functions and duties of a trustee in bankruptcy. See 11 U.S.C. §...

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