IN RE HALMAR DISTRIBUTORS, INC.

No. 91-2017.

968 F.2d 121 (1992)

In re HALMAR DISTRIBUTORS, INC., et al., Debtors. GENERAL ELECTRIC COMPANY, Appellant, v. HALMAR DISTRIBUTORS, INC., et al., Appellees.

United States Court of Appeals, First Circuit.

Decided July 8, 1992.


Attorney(s) appearing for the Case

George F. Parker, III with whom Audrey LaRowe Nee and Badger, Dolan, Parker & Cohen, Boston, Mass., were on brief for General Elec. Co.

Charles R. Bennett, Jr. with whom Kevin J. Simard and Riemer & Braunstein, Boston, Mass., were on brief for appellee BayBank Middlesex.

Before TORRUELLA, Circuit Judge, WEIS, and BOWNES, Senior Circuit Judges.


WEIS, Circuit Judge.

This appeal addresses a bankruptcy judge's allocation of priorities between two secured creditors and dismissal of a claim for conversion. We conclude that a petition for bankruptcy tolls the four-month period for filing a new financing statement that must be filed when secured property is transferred into a state. We also determine that until it affirmatively disavows its previous acquiescence in the practice, a senior secured creditor may not...

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