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IN RE THERMAL BARRIERS, INC.

Bankruptcy No. 78-40153.

8 B.R. 294 (1981)

In re THERMAL BARRIERS, INC., Seneca Stone Corporation, Castlerock Company, Bankrupt. Walter L. LEECH, Receiver and Robert I. Leech, Trustee, Plaintiffs, v. F. Harold WHITE, Defendant.

United States District Court, E.D. Michigan, S.D.

January 16, 1981.

Attorney(s) appearing for the Case

David L. Park, Brighton, Mich., for plaintiffs.

Robert I. Leech, Flint, Mich., for defendant.

MEMORANDUM OPINION AND ORDER

STEWART A. NEWBLATT, District Judge.

This is an appeal from a decision of the bankruptcy court invalidating a security interest in certain of the bankrupt's property and denying appellant's petition to reclaim the auction sale proceeds of said collateral.

Appellant, F. Harold White (hereinafter "secured party"), loaned money to bankrupt corporation (hereinafter "debtor") in 1976 in return for a security interest in certain...

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