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IN RE LaFRATTE

Bankruptcy No. 5-99-01884. Adversary No. 5-99-00140A.

281 B.R. 575 (2002)

In re Andrew LAFRATTE and Mary LaFratte, Debtors. The Luzerne National Bank, Plaintiff, v. Andrew LaFratte, Defendant.

United States Bankruptcy Court, M.D. Pennsylvania, Wilkes-Barre Division.

May 29, 2002.

Attorney(s) appearing for the Case

Charles A. Shea, III, Kingston, PA, for plaintiff.

Joseph G. Murray, Wilkes-Barre, PA, for defendant.

OPINION

JOHN J. THOMAS, Bankruptcy Judge.

Andrew LaFratte is the sole stockholder and principal of L & L Processing, a manufacturer of rotary processing equipment. The business supplied specially ordered parts to various customers throughout the world. Because L & L did not have sufficient capital to advance expenses of manufacturing these parts, it entered into a Cash Flow Maximizer Agreement with a local financial institution, the Luzerne...

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