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MATTER OF COASTAL GROUP, INC.

Bankruptcy No. 87-447, Adv. No. 88-41.

100 B.R. 177 (1989)

In the Matter of COASTAL GROUP, INC., Debtor. HEALY/MELLON-STUART CO., Plaintiff, v. COASTAL GROUP, INC., and Insurance Company of North America, Defendants.

United States Bankruptcy Court, D. Delaware.

May 8, 1989.

Attorney(s) appearing for the Case

Francis J. Murphy, Ashby, McKelvie & Geddes, Wilmington, Del., for plaintiff.

Laura Davis Jones, Young, Conaway, Stargatt & Taylor, Wilmington, Del., for debtor/defendant.

William Wade, Richards, Layton & Finger, Wilmington, Del., for defendant/Insurance Co. of North America.

MEMORANDUM OPINION AND ORDER

HELEN S. BALICK, Bankruptcy Judge.

Coastal Group, Inc. is a Chapter 11 debtor having filed its petition on October 26, 1987. On June 23, 1988, Healy/Mellon-Stuart Co. sued Coastal and Insurance Company of North America for breach of contract for failure to perform under a surety bond on a contract between Healy/Mellon-Stuart and Coastal dated November 26, 1985 and a bond executed by INA on January 22, 1986. On July 29, Healy...

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