IN RE ORTH

No. ST 95-82037.

251 B.R. 333 (2000)

In re Ronald J. ORTH and Peggy L. Orth, Debtors.

United States Bankruptcy Court, W.D. Michigan.

July 26, 2000.


Attorney(s) appearing for the Case

James W. Boyd, Stowe Darling & Boyd PLC, Traverse City, MI, trustee.


OPINION

JO ANN C. STEVENSON, Bankruptcy Judge.

On November 30, 1999, Chapter 7 Trustee, James Boyd, (Boyd or Trustee) filed a Motion for Turnover seeking to require the Debtors, Ronald and Peggy Orth, (Orths or Debtors) to turn over the proceeds received from the sale of certain real estate previously owned by their company, OCT Inc. (OCT).

On September 8, 1991, the Orths loaned OCT $5000. In exchange OCT gave them a mortgage on certain real...

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