Bodwell Development Trust v. Federal Deposit Insurance Corp. (In re Bodwell Development Trust)

MEMORANDUM OPINION

JAMES E. YACOS, Chief Judge.

This adversary proceeding was brought by the debtor as plaintiff to determine the conflicting claims to a fund of $250,000 being held by the debtor from the sale of real property assets that had previously been the subject of a failed construction contract. The debtor is a mere stakeholder in this regard. The parties in interest are the *64FDIC acting for the Bank that had been the construction lender on the project and various unpaid subcontractors on the project.

As a result of a series of prior hearings and orders the disputes have been winnowed…