Ivey v. Great West Life & Annuity Insurance

MEMORANDUM OPINION

TILLEY, Chief Judge.

This matter is before the Court on appeal from the United States Bankruptcy Court for the Middle District of North Carolina. Charles M. Ivey, Trustee for the bankruptcy estate of J.G. Furniture Group, Inc., appeals the final decision of the Bankruptcy Court allowing the claim of Great West Life & Annuity Insurance Company. For the reasons set forth below, Great West’s priority claim should be allowed and the decision of the Bankruptcy Court will be AFFIRMED.

I

The undisputed facts are as follows: J.G. Furniture Group, Inc. (“the Debtor”) operated a factory…