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IN RE MacDONALD

Bankruptcy No. 87-40365-JFQ, Adv. Nos. 88-4003, 88-4022.

101 B.R. 836 (1989)

In re Gary J. MacDONALD and Christina F. MacDonald, Debtors. Maurice M. CAHILLANE, Trustee, Plaintiff, v. Gary J. MacDONALD and Christina F. MacDonald, Defendants. Maurice M. CAHILLANE, Trustee, Plaintiff, v. Gary J. MacDONALD, Earl MacDonald, Greg MacDonald, Linda MacDonald and Spectrum Wire Corporation, Defendants.

United States Bankruptcy Court, D. Massachusetts.

June 15, 1989.

Attorney(s) appearing for the Case

Maurice M. Cahillane, Egan, Flanagan & Egan, Springfield, Mass., trustee.

Joseph Reinhardt, Hendel, Collins & Newton, Springfield, Mass., for MacDonalds debtors/defendants.

Darragh K. Kasakoff, Seder & Chandler, Worcester, Mass., for Earl MacDonald, Greg MacDonald, Linda MacDonald and Spectrum Wire Corp./defendants.

OPINION

JAMES F. QUEENAN, Jr., Bankruptcy Judge.

I. GENERAL FACTUAL OUTLINE

In these two adversary proceedings, Maurice M. Cahillane, the trustee in bankruptcy (the "Trustee"), asserts that the capital stock of Spectrum Wire Corporation ("Spectrum") is beneficially owned by the Chapter 7 debtor, Gary J. MacDonald (the "Debtor"), either singly or jointly with his co-debtor wife. In No. 88-4003 the Trustee...

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