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IN RE CUSTER

Bankruptcy No. 5-86-00770.

88 B.R. 573 (1988)

In re Benjamin F. CUSTER, Debtor.

United States Bankruptcy Court, D. Connecticut.

July 14, 1988.

Attorney(s) appearing for the Case

Christopher M. Royston, Coan, Lewendon & Royston, New Haven, Conn., for Trustee.

Thomas J. Welsh, Brown & Welsh, Meriden, Conn., for American Nat. Bank.

MEMORANDUM OF DECISION AND ORDER ON OBJECTION TO TRUSTEE'S PROPOSED DISTRIBUTION OF SALE PROCEEDS

ALAN H.W. SHIFF, Bankruptcy Judge.

At issue is whether a creditor with two mortgages may compel the allocation of sale proceeds to maximize payment of its claims at the expense of a lienholder with an intervening security interest. The following relevant facts are undisputed.1

I

On November 13, 1986,...

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