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IN RE BUCKLEY & ASSOCIATES INS., INC.

No. Civ-1-87-3, Adv. No. 1-85-0173.

78 B.R. 155 (1987)

In re: BUCKLEY & ASSOCIATES INSURANCE, INC., Debtor. James R. PARIS, Trustee, Plaintiff, v. TRANSAMERICA INSURANCE GROUP, Defendant.

United States District Court, E.D. Tennessee, S.D.

September 22, 1987.

Attorney(s) appearing for the Case

Harold L. North, Jr., Chattanooga, Tenn., for plaintiff.

Craig J. Donaldson, Nashville, Tenn., for defendant.

MEMORANDUM

EDGAR, District Judge.

This is an appeal from an order of the United States Bankruptcy Court for the Eastern District of Tennessee, published at 67 B.R. 331 (Bkrtcy.E.D.Tenn.1986).

The facts of this case follow. In 1980, the insurance firm Buckley & Associates, Inc. (hereinafter "debtor") became an agent for the Transamerica group of insurance companies (hereinafter "creditor"). By May 1983, when debtor...

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