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MATTER OF PARAGON HOMES, INC.

Bankruptcy No. 85-03905, Adv. No. 86-0139.

89 B.R. 21 (1988)

In the Matter of PARAGON HOMES, INC., Debtor. EMJAY CORPORATION, Plaintiff, v. FIRST INTERSTATE BANK OF WISCONSIN; Paragon Homes, Inc.; and Louis R. Jones, Successor Trustee, Defendants.

United States Bankruptcy Court, E.D. Wisconsin.

July 13, 1988.

Attorney(s) appearing for the Case

Debra A. Slater, Weiss, Berzowski, Brady & Donahue, Milwaukee, Wis., for plaintiff.

Howard A. Schoenfeld, Godfrey & Kahn, Milwaukee, Wis., for First Interstate Bank of Wisconsin.

Louis R. Jones, Jones & Feldner, Milwaukee, Wis., Trustee.

MEMORANDUM DECISION

C.N. CLEVERT, Chief Judge.

Emjay Corporation ("Emjay") filed this adversary proceeding to determine whether a certificate of deposit, held by the First Interstate Bank of Wisconsin, is property of the Paragon Homes Chapter 7 estate or property of the Emjay Corporation Profit Sharing Trust and Plan. Paragon's trustee has joined Emjay in asking the court to enter an order directing First Interstate...

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