IN RE C.R. AMUSEMENTS, LLC

Bankruptcy No. 99-10154. Adversary No. 99-1076.

259 B.R. 523 (2001)

In re C.R. AMUSEMENTS, LLC d/b/a Rocky Point Amusement Park, Debtor. Acropolis Enterprises, Inc., Plaintiff, v. C.R. Amusements, LLC, d/b/a Rocky Point Amusement Park, James Callahan, Henry Vara, Rita DiMento & Francis DiMento, Defendants.

United States Bankruptcy Court, D. Rhode Island.

February 20, 2001.


Attorney(s) appearing for the Case

John Gyorgy, Boisseau Leonard & Dean, Providence, RI, for Plaintiff.

Andrew Richardson, Boyajian, Harrington & Richardson, Providence, RI, for Chapter 7 Trustee.

Robert D. Wieck, Providence, RI, for James Callahan, Henry Vara, Rita DiMento and Francis DiMento.

Thomas A. Tarro, III, Warwick, RI, for James Callahan, Henry Vara, Rita DiMento and Francis DiMento.


OPINION AND ORDER

ARTHUR N. VOTOLATO, Bankruptcy Judge.

This is a dispute between certain shareholders and the majority shareholder/secured creditor of the Debtor. Acropolis Enterprises, Inc. ("Acropolis") filed a complaint against C.R. Amusements, LLC, the Debtor, to determine the extent, amount and priority of its lien against the Debtor's assets, which secure a loan in the amount of $8,339,518. On August 5, 1999, James C. Callahan, Henry Vara,...

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