In Re Blair Contracting Co., Inc.

MEMORANDUM OPINION AND ORDER

GEORGE L. PROCTOR, Bankruptcy Judge.

This case is before the Court for consideration of the merits of claim number 127, filed by Everett B. Blair and Barbara D. Blair, his wife. As this has been an unusual and protracted case, the Court feels that it is appropriate to review the factual and legal history of the case, the present postures of the parties and the basis for the Court’s decision herein.

FACTUAL BACKGROUND

The debtor, BLAIR CONTRACTING COMPANY, INC., filed a Chapter 11 proceeding on November 30, 1976. The Company’s plan of arrangement was confirmed on May…