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IN RE MARQUIS PRODUCTS, INC.

Bankruptcy No. 91-10499, Adv. 92-1005.

150 B.R. 487 (1993)

In re MARQUIS PRODUCTS, INC., Debtor. MARQUIS PRODUCTS, INC., Plaintiff, v. CONQUEST CARPET MILLS, INC., Defendant.

United States Bankruptcy Court, D. Maine.

February 10, 1993.

Attorney(s) appearing for the Case

Jacob A. Manheimer, Pierce, Atwood, Scribner, Allen, Smith & Lancaster, Portland, ME, for debtor/plaintiff.

James R. Wholly, Gross, Minsky, Mogul & Singal, Bangor, ME, for defendant.

MEMORANDUM OF DECISION

JAMES B. HAINES, Jr., Bankruptcy Judge.

Marquis Products, Inc. ("Marquis"), the debtor-in-possession, seeks to avoid a pre-petition mortgage given to Conquest Carpet Mills, Inc. ("Conquest"), as a fraudulent transfer under 11 U.S.C. § 548.1 In view of the evidence adduced at trial, I conclude that the mortgage must be set aside.2

Facts

1. Corporate...

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