Lumara Foods of America, Inc. v. Union Savings & Trust Co. (In Re Lumara Foods of America, Inc.)

MEMORANDUM OF DECISION

JAMES H. WILLIAMS, Bankruptcy Judge.

Lumara Foods of America, Inc., dba Arthur Treacher’s Fish & Chips (America) is a debtor before this court in a voluntary proceeding commenced by it under Chapter 11 of Title 11 of the United States Code. In its first several months as a debtor in possession, America devoted itself to the usual activities associated with a Chapter 11 proceeding aimed primarily at getting its house in order with a view toward emerging from Chapter 11 protection as a viable, reorganized entity. Its officers evidently concluded that a cause of action…