Wolfe v. Abbey (In Re Glass)

DECISION AND ORDER

ROSS W. KRUMM, Chief Judge.

The matter before the court arises from the trustee’s objection to the claim of Catherine E. Abbey (herein Abbey) for priority status under 11 U.S.C. § 507(a)(6) as a deposit creditor. The matter was taken under advisement after hearing on August 21,1996, at which time the parties were afforded an opportunity to submit any additional authority in support of their positions. Abbey submitted additional authority to the court on September 3,1996.

The issue that the court must decide is whether a loan of money, from the buyer of property to the seller,…