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IN RE MARK BELL FURNITURE WAREHOUSE, INC.

No. 92-2045.

992 F.2d 7 (1993)

In re MARK BELL FURNITURE WAREHOUSE, INCORPORATED, Debtor. MARK BELL FURNITURE WAREHOUSE, INCORPORATED, Plaintiff, Appellant, v. D.M. REID ASSOCIATES, LTD., Defendant, Appellee.

United States Court of Appeals, First Circuit.

Decided May 4, 1993.

Attorney(s) appearing for the Case

Leon Aronson, Boston, MA, for plaintiff, appellant.

Gordon P. Katz with whom Donald R. Lassman and Widett, Slater & Goldman, P.C., Boston, MA, were on brief, for defendant, appellee.

Before SELYA, Circuit Judge, COFFIN, Senior Circuit Judge, and CYR, Circuit Judge.

CYR, Circuit Judge.

An involuntary chapter 7 petition was filed against Mark Bell Furniture Warehouse, Inc. ("Debtor") in 1988. The property of the chapter 7 estate included a prepetition cause of action against D.M. Reid Associates ("Reid"). Mark Bell ("Bell"), Debtor's president and sole shareholder, urged the chapter 7 trustee to litigate the claim against Reid. When the trustee failed to pursue the claim, Bell offered to purchase the cause of action from the estate...

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