IN RE MAJESTIC MOTEL ASSOCIATES

Bankruptcy Nos. 91-20420, 91-20419, 91-20417 and 91-20418.

131 B.R. 523 (1991)

In re MAJESTIC MOTEL ASSOCIATES, Debtor. In re MEADOWLEDGE ASSOCIATES, Debtor. In re DN ASSOCIATES, Debtor. In re MIDWAY MOTEL PARTNERS, Debtor.

United States Bankruptcy Court, D. Maine.

September 20, 1991.


Attorney(s) appearing for the Case

Robert J. Keach, Verrill & Dana, Portland, Me., for Casco Bank.

Leonard Gulino, Preti, Flaherty, Beliveau & Pachios, Portland, Me., for Meadowledge Associates.

James D. Poliquin, Norman, Hanson & Detroy, Portland, Me., for Majestic Motel Associates, DN Associates and Midway Motel Partners.


MEMORANDUM OF DECISION

JAMES A. GOODMAN, Chief Judge.

This controversy concerns the relationship of Casco Northern Bank, N.A. ("Bank") with four debtors—Majestic Motel Associates, DN Associates, Midway Motel Partners and Meadowledge Associates (collectively, the "Debtors"). Each debtor is a single-asset real estate limited partnership operating a seasonal motel or campground in Wells or Wells Beach, Maine. In dispute are the receipts for the use of...

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