IN RE RESIDENTIAL RESOURCES MORTG. INVESTMENTS

Bankruptcy No. B-89-0200, Adv. Nos. "B" and 89-53.

98 B.R. 2 (1989)

In re RESIDENTIAL RESOURCES MORTGAGE INVESTMENTS CORPORATION, Debtor. THOMSON McKINNON SECURITIES, INC., Movant, v. RESIDENTIAL RESOURCES MORTGAGE INVESTMENTS CORPORATION, Respondents.

United States Bankruptcy Court, D. Arizona.

As Corrected April 13, 1989.


Attorney(s) appearing for the Case

Redfield T. Baum, Richard M. Lorenzen, J. Matthew Derstine, O'Connor, Cavanagh, Anderson, Westover, Killingsworth & Beshears, Phoenix, Ariz., for debtor.

C. Taylor Ashworth, William J. Maledon, Jean K. FitzSimon, Meyer, Hendricks, Victor, Osborn & Maledon, Phoenix, Ariz., for Thomson McKinnon Securities Inc.

Jerry C. Bonnett, Andrew S. Friedman, H. Sullivan Bunch, Bonnett, Fairbourn & Friedman, P.C., Phoenix, Ariz., for Shareholder Class Representatives.

David C. Tierney, Marcia J. Busching, Sacks, Tierney, Kasen & Kerrick, P.A., Phoenix, Ariz., for Ecoban Capital Ltd.


MEMORANDUM DECISION

SARAH SHARER CURLEY, Bankruptcy Judge.

On January 9, 1989, Residential Resources Mortgage Investments Corporation ("Debtor") filed a petition under Chapter 11 of the Bankruptcy Code. On January 19, 1989 Thomson McKinnon Securities, Inc. ("Thomson") filed a complaint, requesting that this Court determine that Section 555 of the Bankruptcy Code was applicable to the various transactions entered into by Thomson with the Debtor. Thomson argued...

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