MEMORANDUM DECISION AND ORDER ON TRUSTEE'S OBJECTION TO CLAIM OF THOMAS J. CARROLL
ROBERT D. DRAIN, Bankruptcy Judge.
The chapter 7 trustee (the "Trustee") objected on April 25, 2002 to a $24,000 secured claim filed by Thomas J. Carroll ("Carroll"), a former shareholder of the above-captioned debtor ("Red Dot" or the "Debtor"). The Trustee has asserted three grounds for her objection: that the claim was not secured,
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