New Products Corp. v. Tibble (In re Modern Plastics Corp.)

FINDINGS OF FACT AND CONCLUSIONS OF LAW AFTER TRIAL

Scott W. Dales, United States . Bankruptcy Judge.

I. BACKGROUND

At the center of this dispute between an unhappy creditor and a bankruptcy, trustee lies a now-defunct manufacturing facility in Benton Harbor, Michigan (the, “property”). The Property, commonly known as 489 North Shore Drive, Benton Harbor, Michigan, served as. the factory, war.e,house, and offices of Modern Plasties Corporation (the “Debtor”), as well as the collateral for a prepetition commercial loan that Bank of America (“BOA”) made to finance the Debtor’s1 manufacturing…