American Honda Finance Corp. v. A. Angelle, Inc. (In Re A. Angelle, Inc.)

REASONS FOR DECISION

GERALD H. SCHIFF, Bankruptcy Judge.

A. Angelle, Inc., d/b/a Lakeside Honda (“Debtor”) filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code 1 on March 7, 1996 (“Petition Date”), and on that day an order for relief was duly entered. The Debtor remained in possession as no chapter 11 trustee was appointed. On July 15, 1996, however, the case was converted to a ease under chapter 7. Rudy 0. Young (“Trustee”) is the duly appointed, qualified and acting chapter 7 trustee.

This adversary proceeding was instituted by American Honda Finance Corporation…