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IN RE NATIONAL ENVIRONMENTAL SYSTEMS CORP.

Bankruptcy No. 88-79, Adv. No. 88-13.

111 B.R. 4 (1989)

In re NATIONAL ENVIRONMENTAL SYSTEMS CORPORATION, Debtor. NATIONAL ENVIRONMENTAL SYSTEMS CORPORATION, Plaintiff, v. LONG POND REALTY TRUST and Joseph Davis, Defendants.

United States Bankruptcy Court, D. New Hampshire.

September 29, 1989.

Attorney(s) appearing for the Case

John M. Reynolds, Reynolds & Park, Keene, N.H., for Long Pond Realty Trust.

Michael Gilleran, Shafner & Gilleran, Boston, Mass., for National Environmental Systems Corp.

Richard M. Zinner, Friedman & Atherton, Boston, Mass., for Joseph Davis.

Mark J. Welzenbach, Sulloway, Hollis & Soden, Concord, N.H., for Bank of Boston.

MEMORANDUM OPINION

JAMES E. YACOS, Bankruptcy Judge.

This chapter 11 adversary proceeding involves a complaint filed by the plaintiff, National Environmental Systems Corporation ("NESCO"), against the defendants Long Pond Realty Trust and Joseph Davis. The claim is that the pre-bankruptcy non-judicial foreclosure sale of the debtor's real property should be set aside as a fraudulent transfer pursuant to 11 U.S.C. § 548(a)(2).

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