Arctic Enterprises, Inc. v. Fox Lake Harbor (In Re Arctic Enterprises, Inc.)

JACOB DIM, Bankruptcy Judge.

At the pretrial conference, it was stipulated by the parties that the essential facts were undisputed and the parties submitted briefs on the legal issues raised thereby. Based on the facts as stipulated and on the papers and records herein, the Court makes the following:

FINDINGS OF FACT

1. The plaintiff filed for relief under chapter 11 of the Bankruptcy Code on February 17, 1981.

2. The plaintiff, prior to its filing for relief, established a “Dealer Rebate Program” which program was designed to pay $200.00 to dealers for each snowmobile sold by those dealers.…