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IN RE IBIS CORP.

No. 92-10941-RGM.

272 B.R. 883 (2001)

In re IBIS CORPORATION, Debtor.

United States Bankruptcy Court, E.D. Virginia, Alexandria Division.

October 5, 2001.

Attorney(s) appearing for the Case

Philip J. McNutt, Washington, DC, for debtor.

Brian F. Kenney, McLean, VA, Plan Administrator.

MEMORANDUM OPINION

ROBERT G. MAYER, Bankruptcy Judge.

This case is before the court to determine the proper disposition of $378,325.34 deposited into the registry of the court. The reorganized chapter 11 debtor asserts that the funds are unclaimed funds that should be paid to it pursuant to §§ 347 and 1143 of the Bankruptcy Code while the creditors assert that the funds should be distributed to them.

IBIS Corporation filed a voluntary...

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