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IN RE CIRCUS TIME, INC.

Bankruptcy No. 279-00687, Adv. No. 279-0002.

5 B.R. 4 (1980)

In re CIRCUS TIME, INC., Debtor. CIRCUS TIME, INC., Plaintiff, v. GRUMMAN CREDIT CORPORATION et al., Defendants.

United States Bankruptcy Court, D. Maine.

June 27, 1980.

Attorney(s) appearing for the Case

Richard E. Poulos, Portland, Me., for debtor-in-possession.

Gregory A. Tselikis, Bernstein, Shur, Sawyer & Nelson, Portland, Me., for Creditors' Committee.

George J. Marcus, Pierce, Atwood, Scribner, Allen, Smith & Lancaster, Portland, Me., for Grumman Credit Corp.

MEMORANDUM DECISION

FREDERICK A. JOHNSON, Bankruptcy Judge.

On December 4, 1979, Circus Time, Inc., a Chapter 11 Debtor in Possession, filed a complaint with this Court seeking authority to sell assets free and clear of liens and encumbrances. Included among the assets were the six vehicles which are the subject of this proceeding.1

Grumman Credit Corp. objected to the sale. It argued that the vehicles were not property...

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