Legal Opinion
Norton v. Associated Grocers of Maine, Inc. (In Re Peabody)
United States Bankruptcy Court, D. Maine
Decided July 17, 1985No. 19-20115PublishedCited by 6 opinions
1Opinion of the Court
FREDERICK A. JOHNSON, Bankruptcy Judge.
MEMORANDUM DECISION
The trustee seeks, under 11 U.S.C. § 542, to recover money deposited by debtors into a capital savings account held by Associated Grocers of Maine, Inc. (Associated). Associated argues that it is a secured creditor with a right to set-off. The court concludes that Associated is correct.
The underlying facts have been stipulated and the issues fully briefed. On May 19, 1980 Aimer and Sarah Peabody, d/b/a Brown’s Grocery, executed an Application for Membership in Associated which was approved on June 3,1980. That application recites…
2Cases cited4 opinions
- Waldschmidt v. Columbia Gulf Transmission Co. (In Re Fulghum Construction Corp.)United States Bankruptcy Court, M.D. Tennessee · 1982
- McLemore v. Citizens Bank of Cookeville (In Re Tom McCormick Enterprises, Inc.)United States Bankruptcy Court, M.D. Tennessee · 1983
- Bridgeport Co. v. United States Postal ServiceUnited States Bankruptcy Court, E.D. Arkansas · 1984
- Houdashell v. Missouri Public Service Co. (In Re Houdashell)United States Bankruptcy Court, W.D. Missouri · 1981
3Cited by6 opinions
- Moratzka v. Visa U.S.A. (In Re Calstar, Inc.)United States Bankruptcy Court, D. Minnesota · 1993
- In Re ColeUnited States Bankruptcy Court, D. Maryland · 1989
- In Re Wildcat Const. Co., Inc.United States Bankruptcy Court, D. Vermont · 1986
- Ohning v. Schneider National Transcontinental, Inc. (In Re Ohning)United States Bankruptcy Court, N.D. Indiana · 1986
- In Re Academy Answering Services, Inc.United States Bankruptcy Court, N.D. Ohio · 1988
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