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IN RE SURE-SNAP CORP.

Bankruptcy No. 87-00985-BKC-SMW, Adv. No. 88-0200-BKC-SMW-A.

88 B.R. 414 (1988)

In re SURE-SNAP CORPORATION, a New York corporation, Debtor. Elaine SHURE, both individually and for the Use and Benefit of SURE-SNAP CORPORATION, a New York corporation and Debtor in Possession, Plaintiff, v. The STATE OF VERMONT, acting By and Through the VERMONT INDUSTRIAL DEVELOPMENT AUTHORITY, Bradford National Bank, as Trustee of Two (2) Industrial Development Revenue Bonds (Sure-Snap Corporation Issue, Series A) issued by the Vermont Industrial Development Authority, Bradford National Bank, and State Street Bank & Trust Company, Defendants.

United States Bankruptcy Court, S.D. Florida.

June 20, 1988.

Attorney(s) appearing for the Case

Irving M. Wolff, Holland & Knight, Miami, Fla., for plaintiff Elaine Shure.

Patrick A. Barry, Blackwell Walker Fascell & Hoehl, Ft. Lauderdale, Fla., for plaintiff Sure-Snap Corp.

Charles W. Throckmorton, Kozyak Tropin & Throckmorton, P.A., Miami, Fla., for defendant Bradford Nat. Bank.

David R. Softness, Greenberg, Traurig, Hoffman, Lipoff, Rosen & Quentel, P.A., Miami, Fla., for State Street Bank and Trust Co.

William Griffin, Chief Asst. Atty. Gen., State of Vt., Montpelier, Vt.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

SIDNEY M. WEAVER, Bankruptcy Judge.

THIS CAUSE, having come before the Court upon plaintiffs' complaint to determine the validity, priority and extent of the liens of Bradford National Bank (as trustee under certain industrial development revenue bonds) and the Court having heard the testimony, examined the evidence presented, observed the candor and demeanor of the witnesses, considered the arguments of counsel, and...

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