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IN RE CRESCENT BEACH INN, INC.

Bankruptcy No. 182-00194, (Formerly 282-00112).

22 B.R. 155 (1982)

In re CRESCENT BEACH INN, INC., Debtor.

United States Bankruptcy Court, D. Maine.

July 12, 1982.

Attorney(s) appearing for the Case

Bruce A. Coggeshall, George J. Marcus, Pierce, Atwood, Scribner, Allen, Smith & Lancaster, Portland, Me., for plaintiff.

Peter S. Plumb, Clarke C. Hambley, Murray, Plumb & Murray, Portland, Me., for debtor/defendant.

MEMORANDUM OF DECISION

JAMES A. GOODMAN, Bankruptcy Judge.

The debtor, Crescent Beach Inn, Inc., is a corporation in the hotel and restaurant business. It owns an ocean-front Inn containing fifteen overnight rooms, a main dining area, function room and two bars, plus several cabins rented on a yearly basis.

Pursuant to authorization granted by the Board of Directors, the debtor filed a Chapter 11 petition in bankruptcy on March 15, 1982.

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