Standard Federal Savings & Loan Ass'n v. Community Investments Associates (In Re Community Investments Associates)

MEMORANDUM OPINION

MARTIN V. B. BOSTETTER, Jr., Bankruptcy Judge.

This matter, which arises from a rather unusual and interesting factual situation, is before the Court on the Complaint of Standard Federal Savings and Loan Association (“Standard Federal”) and other named parties against Community Investments Associates I, a debtor-in-possession in an arrangement under Chapter 11 of the Bankruptcy Code, by its trustee, Ethan Allen Turshen, Esquire. 1 The trustee for the debtor-in-possession filed a Complaint against Standard Federal, Wills Investment, Inc. (“Wills”) and other named parties to…