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MATTER OF INDIAN RIVER HOMES, INC.

Bankruptcy No. 89-173.

103 B.R. 505 (1989)

In the Matter of INDIAN RIVER HOMES, INC., Debtor.

United States Bankruptcy Court, D. Delaware.

June 9, 1989.

Attorney(s) appearing for the Case

James L. Patton, Jr., Michael P. Morton, Wilmington, Del., for debtor.

Michael B. Joseph, Wilmington, Del., for Sussex Trust Co.

Jeremy J. Abelson, Bank of Delaware, Wilmington, Del., for Bank of Delaware.

William L. Witham, Jr., Dover, Del., for Unsecured Creditors Committee.

BENCH DECISION FOLLOWING HEARING ON DEBTOR'S APPLICATION FOR AUTHORITY TO ENGAGE REAL ESTATE AGENT (INDIAN RIVER LAND COMPANY, INC.)

HELEN S. BALICK, Bankruptcy Judge.

The debtor, Indian River Homes, Inc., wants to engage Indian River Land Company, Inc. as a real estate agent. The two entities are closely related. Historically, Indian River Land was merged into and then sold out of Indian River Homes in October 1988...

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