In Re Gilchrist Company

MEMORANDUM AND ORDER

LUONGO, District Judge.

On May 30, 1975, Bankruptcy Judge Goldhaber entered an Order in this Chapter XI proceeding ruling that certain financing and continuation statements filed by the First National Bank of Boston (Bank) created and maintained a perfected status for Bank’s present security interest in accounts receivable and other assets of the Debtor, Gilchrist Company, as recited in the financing and continuation statements. Gilchrist Company and the Receiver filed the instant appeal.

While this appeal was pending, Gilchrist and its creditors entered into a Plan of…