McDaniel v. Busbee (In re National Buy-Rite, Inc.)

ORDER

HUGH ROBINSON, Bankruptcy Judge.

National Buy-Rite, (“Buy-Rite”), a corporation which provided buying services to its members, filed a petition under Chapter 7 of the Bankruptcy Code on January 31, 1980. William G. McDaniel, (“Plaintiff”), trustee for the estate of Buy-Rite, commenced this adversary proceeding for declaratory judgment on July 15, 1980. With three exceptions, the defendants consist of Buy-Rite’s members. Plaintiff seeks a judgment declaring that none of the defendants, except for those who have submitted a proof of claim in this bankruptcy case, has a claim against…