IN RE LOHREY ENTERPRISES, INC.

No. 08-12206, A.P. No. 09-1001.

In re: LOHREY ENTERPRISES, INC., Debtor(s). OWENS TRUST, et al., Plaintiff(s), v. RICHARD SCHWALBE, Trustee, et al., Defendant(s).

United States Bankruptcy Court, N.D. California.

January 12, 2010.


MEMORANDUM AFTER TRIAL

ALAN JAROSLOVSKY, Bankruptcy Judge

In 2003, Lohrey Investments LLC ("Investments") was in Chapter 11 bankruptcy proceedings. When it filed, its only significant asset was the real property at 8190 Murray Avenue in Gilroy. It leased this property to an unrelated company operating a laundry.

When the laundry operator decided to close its business, Investments sought and obtained leave of this court to purchase the laundry equipment...

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