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IN RE VERMONT KNITTING CO., INC.

Bankruptcy No. 87-00274, Adv. No. 89-00050.

111 B.R. 464 (1990)

In re VERMONT KNITTING COMPANY, INC., Debtor. Douglas J. WOLINSKY, Esq., Trustee, v. VERMONT FEDERAL BANK, FSB, Defendant.

United States Bankruptcy Court, D. Vermont.

February 27, 1990.

Attorney(s) appearing for the Case

N. Williams, of Gravel & Shea, Burlington, Vt., for defendant, Vermont Federal Bank, FSB (Vermont Federal).

Douglas J. Wolinsky, of Saxer, Anderson, Wolinsky & Sunshine, Burlington, Vt., Trustee.

MEMORANDUM OF DECISION DETERMINING EXTENT OF LIEN

FRANCIS G. CONRAD, Bankruptcy Judge.

Trustee sues to determine whether Vermont Federal's pre-petition perfected security interest in all of Debtor's equipment, machinery and proceeds reaches a post-petition nonrefundable good faith deposit that was forfeited by a bidder of Debtor's equipment and machinery at a sale solicited by the Trustee.1 We hold the forfeited good faith deposit...

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