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IN RE PROTO-SPECIALTIES, INC.

Bankruptcy No. B-83-2818-PHX-GBN.

43 B.R. 81 (1984)

In re PROTO-SPECIALTIES, INC., Debtor.

United States Bankruptcy Court, D. Arizona.

October 1, 1984.

Attorney(s) appearing for the Case

Susan G. Wintermute, Snell & Wilmer, Phoenix, Ariz., for CMD Southwest, Inc.

Jon N. Vogel, Scottsdale, Ariz., for trustee.

Dawn Stoll, Gust, Rosenfeld, Divelbess & Henderson, Phoenix, Ariz., for Valley National Bank of Arizona.

Richard G. Patrick, Asst. U.S. Atty., Phoenix, Ariz., for Small Business Administration.

MEMORANDUM OF DECISION

GEORGE B. NIELSEN, Jr., Bankruptcy Judge.

Following a Court-authorized Trustee sale of certain of the debtor's equipment and machinery on May 3, 1984, secured creditors Small Business Administration ("SBA") and Valley National Bank of Arizona ("Bank") requested disbursement of sale proceeds.

Payment is also requested of proceeds from the Bank's collection of debtor's accounts receivable pursuant to an April 26, 1984 stipulated...

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