IN RE CONTINENTAL FINANCIAL RESOURCES, INC.

In re Bankruptcy No. 92-12263-JNF, Adv. No. A92-1287.

149 B.R. 260 (1993)

CONTINENTAL FINANCIAL RESOURCES, INC., Debtor. CONTINENTAL FINANCIAL RESOURCES, INC., Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION as Liquidating Agent of Southstate Bank for Savings, Defendant.

United States Bankruptcy Court, D. Massachusetts.

January 15, 1993.


Attorney(s) appearing for the Case

Michael B. Feinman, Andover, MA, for debtor.

Marshall D. Stein, Boston, MA, for F.D.I.C.


MEMORANDUM ON MOTION OF FEDERAL DEPOSIT INSURANCE CORPORATION TO DISMISS COMPLAINT

JOAN N. FEENEY, Bankruptcy Judge.

I. INTRODUCTION

The matter before the Court for determination is the Motion of the Federal Deposit Insurance Corporation ("FDIC"), in its capacity as Receiver of Southstate Bank for Savings ("Southstate"), to Dismiss the Complaint of the Chapter 11 Debtor, Continental Financial Resources, Inc. ("CFR" or the "Debtor"). The Debtor, through...

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