IN RE KENNEBAGO CORP.

Bankruptcy No. 283-00215, Adv. No. 284-0018.

50 B.R. 153 (1985)

In re KENNEBAGO CORPORATION, Debtor. KENNEBAGO CORPORATION, Plaintiff, v. Thomas BLACKBURN, Michael R. Baird, Defendants.

United States Bankruptcy Court, D. Maine.

June 6, 1985.


Attorney(s) appearing for the Case

Edgar S. Catlin, III, Hiscock & Barclay, Portland, Me., for plaintiff.

Robert S. Hark, Isaacson, Hark & Epstein, Lewiston, Me., for defendants.


MEMORANDUM DECISION

FREDERICK A. JOHNSON, Bankruptcy Judge.

In this consolidated proceeding the debtor-in-possession (Kennebago) and the official creditors' committee object to the secured claim of Robert K. Blackburn1 and Michael R. Baird and seek to recover $125,000 allegedly paid by Kennebago to Baird and Blackburn. The court concludes that Baird and Blackburn's claims must be disallowed, but that Kennebago may not recover...

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