Gonzales v. Raiser Construction Co. (In Re Gonzales)

OPINION

VOLINN, Bankruptcy Judge:

I

Raiser Construction Co., Inc., a general contractor, entered into two subcontracts with the debtor, Tony Gonzales, on March 15 and 16, 1979. Gonzales agreed to provide the materials and labor needed to complete the concrete work on two buildings which Raiser was constructing. Gonzales was to receive a total payment of $35,193.00 for both jobs.

Each subcontract provided that all money received by the subcontractor from Raiser immediately became and constituted a trust fund for the benefit of “persons and firms supplying labor [and] materials ... for the benefit…