MEMORANDUM OPINION
HENRY H. DICKINSON, Bankruptcy Judge.
Trial was due to commence on the abovestyled adversary proceeding on January 26, 1990. During a status conference scheduled on January 16, 1990, the parties requested that oral arguments be heard on January 26, 1990, in lieu of trial. At the conclusion of oral arguments, the Court took the matter under submission.
The material facts are not in dispute and may be briefly summarized as follows...
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