New Products Corporation and United States of America v. Thomas R. Tibble, individually and in his capacity as Chapter 7 Trustee, and Federal Insurance Company

UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF MICHIGAN In re: Case No. DK 09-00651 MODERN PLASTICS CORPORATION, Hon. Scott W. Dales Chapter 7 Debtor . _____________________________________/ NEW PRODUCTS CORPORATION and UNITED STATES OF AMERICA, Adversary Pro. No. 13-80252 Plaintiffs, v. THOMAS R. TIBBLE, individually and in his capacity as Chapter 7 Trustee, and FEDERAL INSURANCE COMPANY, Defendants . ____________________________________/ FINDINGS OF FACT AND CONCLUSIONS OF LAW AFTER TRIAL I. BACKGROUND At the center of this dispute between an unhappy creditor and a bankruptcy…