Creditors' Committee of TR-3 Industries, Inc. v. Capital Bank (In Re TR-3 Industries)

FINDINGS OF FACTS AND CONCLUSIONS OF LAW

RALPH G. PAGTER, Bankruptcy Judge.

Defendant, Capital Bank, submits the following statement of the material uncon-troverted facts which are undisputed herein by either party, and defendant’s proposed Conclusions of Law.

STATEMENT OF UNCONTROVERTED FACTS

1.TR-3 Industries, Inc. and TR-3 Chemical Corporation (jointly and severally the “Debtor”) on August 27, 1972 filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Law, and an order granting relief was duly entered herein, authorizing the Debtor to remain in possession. The Debtor has…