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IN RE HILL PETROLEUM CO.

Bankruptcy No. 484-00201-LO, Adv. No. 486-0031.

95 B.R. 404 (1988)

In re HILL PETROLEUM COMPANY, Debtor. Charles N. WOOTEN, Sr., Liquidator, Plaintiff, v. VICKSBURG REFINING, INC. and Chaney Oil Company of Vicksburg, Inc., Defendants.

United States Bankruptcy Court, W.D. Louisiana, Lafayette-Opelousas Division.

December 8, 1988.

Attorney(s) appearing for the Case

Barry Ashe, New Orleans, La., for John M. Landis, Liquidator.

James P. Dougherty and David Sessums, Vicksburg, Mo., for Vicksburg.

James P. Dougherty, for Chaney Oil.

MEMORANDUM OPINION

W. DONALD BOE, Jr., Bankruptcy Judge.

Summary

In this case the Court finds that defendants, which are corporations under common control, are solidarily liable to the estate for petroleum products allegedly purchased by only one of them; that an alleged triangular setoff, one day prior to the filing of the Chapter 11 petition for relief, by which one of the corporations attempted to eliminate its debt to the Chapter 11...

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