Howard v. United States Fire Insurance (In re Modern Appliance Center, Inc.)

FINDINGS OF FACT

LeROY SMALLENBERGER, Bankruptcy Judge.

This adversary proceeding involves the scope of fire insurance obtained by the Trustee during the administration of the bankrupt, Modern Appliance Center, Inc. The debtor-corporation filed for protection under Chapter 11 of the Bankruptcy Code, on December 14, 1981. On December 29, 1981, Mr. Gene Howard, a bankruptcy Trustee since 1974, was appointed as Trustee for this case; subsequently, on December 7, 1983, the Chapter 11 case was converted to a Chapter 7 Liquidation proceeding. The debtor-corporation owns two buildings on separate…