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IN RE SHOP-N-GO OF MAINE, INC.

Civ. No. 83-0273 P.

38 B.R. 731 (1984)

In re SHOP-N-GO OF MAINE, INC.

United States District Court, D. Maine.

April 2, 1984.

Attorney(s) appearing for the Case

F. Mark Terison, Asst. U.S. Atty., Portland, Maine, Harlan Choate, Small Business Administration, Augusta, Maine, for plaintiffs.

Kenneth Clegg, Bourque & Clegg, Sanford, Maine, for intervenor.

Harvey J. Putterbaugh, Portland, Maine, for defendants.

George Marcus, Pierce, Atwood, Scribner, Allen Smith & Lancaster, Portland, Maine, for Harvey Putterbaugh.

Peter W. Greenleaf, Asst. U.S. Trustee, Portland, Maine, for U.S. Trustee.

OPINION AND ORDER

GENE CARTER, District Judge.

In this case the trustee in bankruptcy of Shop-N-Go, Inc. appeals from a Bankruptcy Court order in which the Court held that "the Small Business Administration [SBA] has a security interest by assignment from the Northeast Bank of Sanford in all of the debtor's inventory at any place within Maine ...." The debtor, Shop-N-Go, had filed a petition for reorganization under Chapter 11 in June 1981. In November 1981...

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