IN RE MAINE MARINE CORP.

Bankruptcy No. 281-00456, Adv. No. 282-0046.

20 B.R. 426 (1982)

In re MAINE MARINE CORPORATION f/k/a Lincoln Canoes, Inc., Debtor. Philip E. STULTZ and Paul L. Stultz, sometimes d/b/a P & P Leasing, Plaintiffs, v. Frederick A. TASKA, Defendant.

United States Bankruptcy Court, D. Maine.

May 25, 1982.


Attorney(s) appearing for the Case

Kathleen Barry, Drummond, Woodsum, Plimpton & MacMahon, P.A., Portland, Me., for plaintiffs.

Robert J. Keach, Verrill & Dana, Portland, Me., for Frederick Taska.

George Marcus, Portland, Me., for debtor.


MEMORANDUM OF DECISION

JAMES A. GOODMAN, Bankruptcy Judge.

Plaintiffs Philip E. Stultz and Paul L. Stultz (Stultz) commenced a civil action in Maine District Court to enforce a guarantee of debtor's note by defendant, Frederick A. Taska (Taska).1 Debtor was not named in that State Court litigation, and Stultz maintains that under Maine law the obligation of a guarantor is independent of the principal's obligation. Defendant,...

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