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IN RE O'DAY CORP.

Bankruptcy No. 89-11136-JNG, Adv. No. A90-1087.

126 B.R. 370 (1991)

In re the O'DAY CORPORATION, Debtor. Harold B. MURPHY, Chapter 7 Trustee, Plaintiff, v. MERITOR SAVINGS BANK, Defendant.

United States Bankruptcy Court, D. Massachusetts.

As Corrected May 7, 1991.

Attorney(s) appearing for the Case

Daniel J. Lyne, Hanify & King, Boston, Mass., for plaintiff.

Robert Kargen, Lesser & Kaplin, P.C., Blue Bell, Pa., for defendant.

MEMORANDUM

JAMES N. GABRIEL, Bankruptcy Judge.

I. PROCEDURAL HISTORY

On April 27, 1989, an involuntary petition for relief under Chapter 7 of the Bankruptcy Code was filed by three creditors against The O'Day Corporation ("O'Day" or the "Debtor"), a manufacturer of fiberglass sailboats located at 848 Airport Road, Fall River, Massachusetts. No responsive pleading was filed by the alleged Debtor, which had ceased all operations prior to the filing...

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