Matter of Conklin's, Inc.

ORDER

J. BRATTON DAVIS, Bankruptcy Judge.

This matter is before the court on the objections of the trustee to the proofs of claim filed by Consolidated Accessories Corporation and its wholly owned subsidiary, LeNar Jewelry Co., Inc., (the creditors) in the amount of $10,622.35 and $10,205.78, respectively.

On December 14, 1979 Conklin’s, Inc. (the debtor) filed a petition for relief under Chapter 11 of the Bankruptcy Code (11 U.S.C. § 1101 et seq.), and on April 1, 1980, the case was converted to Chapter 7 (11 U.S.C. § 1112(a)).

The creditors hold perfected security agreements in the debtor’s…