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IN RE FRACE

Bankruptcy No. BK79-206K, Adv. No. 81-22.

17 B.R. 198 (1982)

In re James W. FRACE, f/d/b/a Downeast Sport Shop, Debtor. James W. FRACE, f/d/b/a Downeast Sport Shop and J. William Batten, Trustee, Plaintiffs, v. CANAL NATIONAL BANK, Defendant.

United States Bankruptcy Court, D. Maine.

January 18, 1982.

Attorney(s) appearing for the Case

J. William Batten, Daviau, Jabar & Batten, Waterville, Me., for plaintiffs.

Gordon Scott, Lund, Wild, Scott & Goodall, Augusta, Me., for defendant.

MEMORANDUM DECISION

JAMES A. GOODMAN, Bankruptcy Judge.

James W. Frace, f/d/b/a Downeast Sport Shop, filed his petition in bankruptcy on April 11, 1979. On the date of filing, part of the estate consisted of inventory and equipment ultimately sold by the trustee, by permission of the Court, free and clear of liens with valid liens to attach to the proceeds. Defendant, Canal National Bank,1 claims a properly perfected security...

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