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IN RE LAKE COUNTRY INVESTMENTS

Bankruptcy No. 99-20287. Adversary No. 00-6057.

255 B.R. 588 (2000)

In re LAKE COUNTRY INVESTMENTS, Limited Liability Company, Debtors. Joseph A. Esposito, Trustee, Plaintiff, v. John E. Noyes, Defendant.

United States Bankruptcy Court, D. Idaho.

September 19, 2000.

Attorney(s) appearing for the Case

Joseph A. Esposito, Esposito Tombari George Topliff & Campbell, P.S., Spokane, Washington, for Plaintiff.

R. Wayne Sweney, Lukins & Annis, Coeur d'Alene, Idaho, for John Noyes and Alicia Noyes.

MEMORANDUM OF DECISION

TERRY L. MYERS, Bankruptcy Judge.

I. INTRODUCTION

Lake Country Investments LLC ("Lake Country") was formed in the latter part of 1996. The members and equal owners of this limited liability company are Agincourt, LLC ("Agincourt") and Arrow Point Development Company ("APDC"). West Wood Investments, Inc. ("West Wood") owns 99% of Agincourt. West Wood is a creditor of Lake Country and was the petitioning creditor...

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