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IN RE CLC CORP.

Bankruptcy No. 285-00083, Adv. No. 289-0056.

110 B.R. 335 (1990)

In re CLC CORPORATION, Debtor. Robert H. WOOD, Jr., John R. Munro and Cumberland County Bank, Plaintiffs, v. CLC CORPORATION, Citizens Bank, R. Gene Cravens, Sr., Carolyn Cravens and Lawrence Pollack, Defendants. R. Gene CRAVENS, Sr. and Carolyn Cravens, Third Party Plaintiffs, v. Michael WELCH, Third Party Defendant.

United States Bankruptcy Court, M.D. Tennessee.

February 2, 1990.

Attorney(s) appearing for the Case

Robert H. Waldschmidt, Nashville, Tenn., for Robert H. Wood, John R. Munro and Cumberland County Bank.

John E. Acuff, Cookeville, Tenn., for Citizens Bank.

Thomas Looney, Crossville, Tenn., for R. Gene Cravens, Sr.

John Camp, Sparta, Tenn., for Carolyn Cravens.

Michael J. Mossman, Nashville, Tenn., for Larry Pollack.

L. Gino Marchetti, Jr., Nashville, Tenn., for CLC Corp.

MEMORANDUM

KEITH M. LUNDIN, Bankruptcy Judge.

This is an adversary proceeding to quiet title to property sold pursuant to a confirmed Chapter 11 plan of liquidation. Carolyn and Dr. R. Gene Cravens, Sr. allege that the purchasers (Wood and Munro) have defective title because the Cravens did not receive a § 363 notice. Because Carolyn and Dr. Cravens failed or chose not to assert their interests before consummation of this sale notwithstanding actual...

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