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IN RE ADVENT CORP.

Bankruptcy No. 81-9035.

24 B.R. 612 (1982)

In re ADVENT CORPORATION, Debtor. Appeal of FIDELITY & DEPOSIT COMPANY OF MARYLAND.

United States Bankruptcy Appellate Panel for the First Circuit.

Decided November 29, 1982.

Attorney(s) appearing for the Case

Harvey Weiner, Dennis P. Crimmins, Boston, Mass., for appellant.

Peabody & Arnold, Robert Somma, Robert F. Wechsler, Co-counsel to Advent Corp.

Goldstein & Manello, William F. Weld, U.S. Atty., Joseph S. Ackerstein, Asst. U.S. Atty., John deRomoet, Regional Counsel, Christopher Doherty, Asst. Regional Counsel, United States Customs Service, Boston, Mass., for appellee, United States of America.

Before VOTOLATO, Chief Judge, and JOHNSON and GOODMAN, Bankruptcy Judges.

PER CURIAM.

Fidelity & Deposit Company of Maryland filed this appeal from an order of the bankruptcy court requiring it to issue a bond protecting the debtor, Advent Corporation. We vacate that order, and remand with instructions.

Advent Corporation, engaged in the manufacture and sale of audiovisual equipment, filed a voluntary chapter 11 petition on March 17, 1981. Advent regularly receives shipments of imports into the United States from abroad. Pursuant...

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