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MATTER OF MORSE ELEC. CO., INC.

No. 86-1099.

805 F.2d 262 (1986)

In the Matter of MORSE ELECTRIC COMPANY, INC., Debtor. Appeal of HOOSIER FENCE COMPANY, INC.

United States Court of Appeals, Seventh Circuit.

Decided November 4, 1986.

Attorney(s) appearing for the Case

Robert G. Barker, Indianapolis, Ind., for appellant.

Mark D. Boveri, South Bend, Ind., for appellee.

Before FLAUM and EASTERBROOK, Circuit Judges, and SWYGERT, Senior Circuit Judge.

EASTERBROOK, Circuit Judge.

This is a bankruptcy case. Morse Electric Co., the bankrupt, took part in the construction of a toll plaza and utility building on the Indiana Toll Road. The project was covered by a performance bond, as state law required. The bond secures payment to suppliers that "furnished material or other service in the construction of any highway", Ind. Code § 8-13-5-9.2. The parties have treated claims against the bond as secured claims for...

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