IN RE ALLGEIER & DYER, INC.

Bankruptcy No. C 82-0261-L(B).

28 B.R. 371 (1982)

In re ALLGEIER & DYER, INC., Debtor. WESTERN WATERPROOFING CO., INC., et al., Appellants, v. ALLGEIER & DYER, INC., L. Stanley Chauvin, Jr., Appellees.

United States District Court, W.D. Kentucky, at Louisville.

October 22, 1982.


Attorney(s) appearing for the Case

L. Stanley Chauvin, Jr., Louisville, Ky., for appellees.

Jerry F. Safford, Bowling Green, Ky., for City of Bowling Green.

F. Larkin Fore, Louisville, Ky., for Jeanes Mechanical Contr.

Thomas G. Mooney, Louisville, Ky., for Steel Fabricators.

Woolsey M. Caye, Louisville, Ky., for Osborne Co.

Charles S. Musson, Louisville, Ky., for Ralph Akers Const. Co.

C. Thomas Poole, Bowling Green, Ky., for Sentry Steel.

J. Baxter Schilling, Louisville, Ky., for Citizens Fid.

J. Larry Cashen, Louisville, Ky., for Eady Co.

C. Randall Michel, Bowling Green, Ky., for Const. Pipe Co.

Edward Faye, Bowling Green, Ky., for Gott Co. and AC & S Co.

Mike Reynolds, Bowling Green, Ky., for Farmers Feed.

G.D. Milliken, Jr., Bowling Green, Ky., for Steen Concrete and Rademaker Corp.

Tom Kerrick, Bowling Green, Ky., for W. Ky. Sheet Metal.

Kevin C. Brooks, Bowling Green, Ky., for W. Waterproofing Co.

Ken Meredith II, Bowling Green, Ky., for Contr. Supply & Rental.

S. Frank Smith, Jr., Bowling Green, Ky., for W.H. Harris Lumber, etc.

S. Frank Smith, Jr., Bowling Green, Ky., for McKinney Const. Co.

George E. Strickler, Bowling Green, Ky., for Ennis Concrete, Western Concrete, Rogers Lumber and Weibel Sheet Metal.

Keith Carwell, Bowling Green, Ky., for S. Welding, Dynaelectric Co. and Waco Steel Erectors.

Norman E. Harned, Bowling Green, Ky., for Webb Mechanical.

William J. Parker, Douglas J. Lapidus, Bowling Green, Ky., for Gen. Mtrs. and Morrison-Knudson.

Stephen L. Hixon, Bowling Green, Ky., for M & W Masonry and Atlas Metal Products.

Ray B. White, Bowling Green, Ky., for Par-Kut Int'l and Fast Elec. Contr.

Allen R. Brown, Louisville, Ky., for Am. Tile Co.

William Katzinski, Louisville, Ky., for Garceveur Corp.

Charles I. Sandmann, Louisville, Ky., for Concrete Floor Srvs.

M. Dean Stewart, Louisville, Ky., for Rite Way Equipment Co., Inc.

Carl A. Henlein, Louisville, Ky., for Brown & Kerr.

Charles R. Simpson, III, Louisville, Ky., trustee.


MEMORANDUM

BALLANTINE, District Judge.

The debtor, Allgeier and Dyer (A & D), was awarded a portion of a contract to construct a Corvette assembly plant at Bowling Green, Kentucky. A & D financed the project by a loan from Citizens Fidelity Bank and Trust Company, assigning as security its accounts receivable. Citizens Fidelity has perfected its security interest.

On February 13, 1981, at 9:21 a.m., A & D filed the bankruptcy petition...

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