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IN RE VIRGINIA BLOCK CO.

Bankruptcy No. 7-80-00688, Adv. No. 7-81-0289.

16 B.R. 771 (1982)

In re VIRGINIA BLOCK COMPANY, Debtor. VIRGINIA BLOCK COMPANY, Plaintiff, v. VIRGINIA MUTUAL INSURANCE AGENCY, INCORPORATED, Defendant.

United States Bankruptcy Court, W.D. Virginia, Roanoke Division.

January 22, 1982.

Attorney(s) appearing for the Case

Stephen M. Piper, Roanoke, Va., for plaintiff.

Byron R. Shankman, Pulaski, Va., for defendant.

Joseph P. Bounds, Roanoke, Va., for creditors' committee.

MEMORANDUM OPINION AND ORDER

H. CLYDE PEARSON, Bankruptcy Judge.

The issue in this proceeding is whether the defendant Virginia Mutual Insurance Agency (Virginia Mutual) properly set off refunds of insurance premiums and policy dividends against a claim against the insured debtor, Virginia Block Company (Virginia Block).

Virginia Mutual is an insurance agency doing business with several insurers. For approximately 30 years Virginia Mutual acted as...

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