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IN RE GILES WORLD MARKETING, INC.

Bankruptcy No. 82-2005-HL, Adv. No. A83-0025.

29 B.R. 523 (1983)

In re GILES WORLD MARKETING, INC., Debtor. CAREY AVIATION, INC., Plaintiff, v. GILES WORLD MARKETING, INC., and Varga Aircraft Corporation, Defendants.

United States Bankruptcy Court, D. Massachusetts.

April 1, 1983.

Attorney(s) appearing for the Case

Ronald McDougald, Bove, Charmoy & McDougald, Boston, Mass., for debtor.

Steven Hoort, Ropes & Gray, Boston, Mass., for Carey.

MEMORANDUM ON CLAIM OF CAREY AVIATION, INC.

HAROLD LAVIEN, Bankruptcy Judge.

This case presents issues of technical construction of the Uniform Commercial Code as applied in a rather unique bankruptcy situation. The facts are as follows. On November 3, 1982, the defendant and debtor, Giles World Marketing (hereinafter Giles) filed a voluntary petition under Chapter 11 of the Bankruptcy Code. The other defendant is Varga Aircraft Corporation (hereinafter...

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