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IN RE MILL CONCEPTS CORP.

Bankruptcy Nos. 89-40990 thru 89-41005.

123 B.R. 938 (1991)

In re MILL CONCEPTS CORP., Atlantic Realty Trust, John Fordham, et al., Debtors.

United States Bankruptcy Court, D. Massachusetts.

February 8, 1991.

Attorney(s) appearing for the Case

Mark N. Polebaum, Hale and Dorr, Boston, Mass., for debtors.

Melvin S. Hoffman, Cherwin & Glickman, Boston, Mass., for Federal Deposit Ins. Corp.

OPINION

JAMES F. QUEENAN, Jr., Bankruptcy Judge.

Atlantic Realty Trust ("Atlantic"), one of the affiliated chapter 11 debtors in these administratively consolidated proceedings, moves for authority to disburse to itself the balance of proceeds from the sale of real estate located at Lot 62, Hayward Glen, Millbury, Massachusetts. Federal Deposit Insurance Corporation ("FDIC") objects on the ground that Atlantic's ownership is subject to avoidance because...

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