In Re Lipman Bros., Inc.

FINDINGS OF FACT AND RULINGS OF LAW ON MOTION FOR RETURN OF DEPOSIT

HAROLD LAVIEN, Bankruptcy Judge.

George A. Colley, III (“Colley”) has filed a motion requesting that this Court order the trustee to return a $60,000 deposit made by Colley as part of a bid on the sale of the debtor’s fish processing business in Gloucester. The notice inviting the bids stated:

[T]he original offeror and any party who submitted a timely counteroffer and deposit shall have the opportunity to submit to the Court a single new written bid in a sealed envelope. All such envelopes will be opened at the same time, and…