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IN RE KORS, INC.

Bankruptcy No. 80-00255.

13 B.R. 676 (1981)

In re KORS, INC., Debtor.

United States Bankruptcy Court, D. Vermont.

August 14, 1981.

Attorney(s) appearing for the Case

Charles H. Gibbs, Jr., Charleston, S.C., and Dennis I. Greene, Boston, Mass., for First Nat. Bank of Boston.

Bernard R. Dick, and William C. Dagger, Rutland, Vt., for The Howard Bank.

James S. Abatiell and Alan R. Medor, Rutland, Vt., for Rutland Indus. Development Corp.

John Paul Faignant of Miller, Norton & Cleary, Rutland, Vt., for Rextrusion Systems, Inc.

Amplas Machinery Systems, Inc., pro se.

Peter H. Banse of Keyser, Crowley, Banse, Abel & Facey, Rutland, Vt., for debtor.

Glenn S. Morgan, Rutland, Vt., for Rutland Sav. Bank.

Andrew R. Field, Montpelier, Vt., for S.B.I.C. of Vermont, Inc.

MEMORANDUM, FINDINGS OF FACT AND CONCLUSIONS

CHARLES J. MARRO, Bankruptcy Judge.

The consolidated Motions of the First National Bank of Boston, of The Howard Bank, of Rutland Industrial Development Corporation, of Rextrusion, Inc., and of Amplas Machinery Systems, Inc., came on for hearing, after notice.

The grounds alleged for the conversion in the combined Motions are that it will be in the best interests of the creditors and of the estate to convert...

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