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IN RE STROUD FORD, INC.

Bankruptcy Nos. 5-92-00713, 5-92-00712, Adversary Nos. 5-94-00147A, 5-94-00148A.

205 B.R. 722 (1996)

In re STROUD FORD, INC., Debtor. In re Vincent VECCHIO and Helen Vecchio, Debtors. William E. RINEHART, Plaintiff, v. STROUD FORD, INC., Vincent Vecchio, Helen Vecchio and Raymond Price, III, Defendants.

United States Bankruptcy Court, M.D. Pennsylvania.

October 28, 1996.

Attorney(s) appearing for the Case

Brian Manning, Wilkes-Barre, PA, for Debtors.

Jeffrey Kurtzman, Philadelphia, PA, for Plaintiff.

Peter Hoegen, Wilkes-Barre, PA, for Price.

Joseph Murray, Wilkes-Barre, PA, for Creditors' Committee.

ORDER AND OPINION

JOHN J. THOMAS, Bankruptcy Judge.

The Debtors-in-Possession entered into an agreement of sale with William E. Rinehart, which agreement provided that the major asset of the estates, i.e., a Ford dealership including the real estate, would be sold to Rinehart for the sum of Seven Hundred Twenty-Five Thousand Dollars ($725,000.00). The parties specifically agreed that the sale would not be subject to "higher bids".

Notice was...

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