Murphy v. Meritor Savings Bank (In Re O'Day Corp.)
United States Bankruptcy Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM
JAMES N. GABRIEL, Bankruptcy Judge.
I. PROCEDURAL HISTORY
On April 27, 1989, an involuntary petition for relief under Chapter 7 of the Bankruptcy Code was filed by three creditors against The O’Day Corporation (“O’Day” or the “Debtor”), a manufacturer of fiberglass sailboats located at 848 Airport Road, Fall River, Massachusetts. No responsive pleading was filed by the alleged Debtor, which had ceased all operations prior to the filing. Accordingly, on May 23, 1989, an Order for Relief was entered. Two days later, Harold B. Murphy (the “Trustee”) was appointed interim trustee.
On June…
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