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MATTER OF PINELLAS-PASCO WHOLESALE TIRE CO.

Bankruptcy Nos. 81-1433, 81-1432, Adv. Nos. 81-378, 81-354.

36 B.R. 559 (1983)

In the Matter of PINELLAS-PASCO WHOLESALE TIRE CO., INC., Debtor. PINELLAS-PASCO WHOLESALE TIRE CO., INC., Plaintiff, v. NORTHEAST BANK OF CLEARWATER, Defendant. BRIDGESTONE TIRE COMPANY OF AMERICA, Plaintiff, v. AMERICAN TRANSPORTATION PRODUCTS, INC.; Pinellas-Pasco Wholesale Tire Co., Inc.; Bayonet Point Service Center, Inc.; Countryside Service Center, Inc.; and Northeast Bank of Clearwater, Defendants. In re AMERICAN TRANSPORTATION PRODUCTS, INC., Debtor. AMERICAN TRANSPORTATION PRODUCTS, INC., Plaintiff, v. NORTHEAST BANK OF CLEARWATER and Yokohama Tire Corp., Defendants. YOKOHAMA TIRE CORP., Crossclaimant, v. NORTHEAST BANK OF CLEARWATER, Crossdefendant. NORTHEAST BANK OF CLEARWATER, Counter-crossclaimant, v. YOKOHAMA TIRE CORP., Counter-crossdefendant. NORTHEAST BANK OF CLEARWATER, Third-party Plaintiff, v. COLLATERAL CONTROL CORPORATION, Third-party Defendant. YOKOHAMA TIRE CORPORATION, Claimant, v. AMERICAN TRANSPORTATION PRODUCTS, INC.; Pinellas-Pasco Wholesale Tire Co., Inc.; Bayonet Point Service Center, Inc.; Countryside Service Center, Inc.; and Northeast Bank of Clearwater, Defendants.

United States Bankruptcy Court, M.D. Florida, Tampa Division.

November 23, 1983.

Attorney(s) appearing for the Case

Harley E. Riedel, Tampa, Fla., for Pinellas-Pasco Wholesale Tire Co., Inc. and American Transp. Products, Inc.

Thomas Mimms, Jr., Tampa, Fla., for Northeast Bank of Clearwater.

William K. Zewadski, Tampa, Fla., for Yokohama Tire Corp.

Robert B. Glenn, Jr., Tampa, Fla., for Collateral Control Corp.

FINDINGS OF FACT, CONCLUSIONS OF LAW AND MEMORANDUM OPINION

ALEXANDER L. PASKAY, Chief Judge.

THE MATTER under consideration arose originally in connection with four interrelated Chapter 11 cases commenced by voluntary petitions for relief filed by Pinellas-Pasco Wholesale Tire Co., Inc. (Pinellas-Pasco); Countryside Service Center, Inc. (Countryside); American Transportation Products, Inc. (American Transportation); and Bayonet Point Service Center, Inc...

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