Belfance v. Buonpane (In Re Omega Door Co.)
Bankruptcy Appellate Panel of the Sixth Circuit
1Opinion of the Court
OPINION
STEVEN RHODES, Bankruptcy Judge.
John and Tina Thompson (“the Thompsons”) purchased the stock of the debtor, Omega Door Company, Inc. (“Omega”), from Richard Buonpane (“Buonpane”) and gave him an installment note for part of the purchase price. However, Omega, not the Thompsons, made all of the payments on that note. Kathryn A. Belfance, the trustee of the Omega Door Reorganization Trust, filed this adversary proceeding against Richard and Georgeanne Buonpane (collectively “the Buonpanes”) asserting four claims. In the first two claims, the trustee seeks to recover the note payments…
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