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IN RE INDIAN JEWELERS SUPPLY CO., INC.

No. 17-11874 t11.

604 B.R. 408 (2019)

IN RE: INDIAN JEWELERS SUPPLY CO., INC., Debtor.

United States Bankruptcy Court, D. New Mexico.

Signed June 6, 2019.

Attorney(s) appearing for the Case

Dennis A. Banning , New Mexico Financial Law, Jason Michael Cline , Jason Cline, LLC, Don F. Harris , Albuquerque, NM, for Debtor.

OPINION

Three former employees filed claims based on the debtor's defunct employee stock ownership plan ("ESOP"). Debtor objected to the claims, arguing that the claimants were stockholders, not creditors, because the ESOP held debtor's stock in trust for them...

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