Uni-Products, Inc. v. Bearse (In Re Uni-Products, Inc.)

OPINION REGARDING CROSS MOTIONS FOR SUMMARY JUDGMENT

ARTHUR J. SPECTOR, Bankruptcy Judge.

INTRODUCTION

On December 21, 1992, the Debtor in Possession (“DIP”) filed a complaint against Ralph A. Bolden and other parties seeking, inter alia, “a determination that the debtor corporation is the proper and valid owner of” a Borg Warner vacuum forming machine, temperature controls, two vacuum tanks, four vacuum pumps and a hydraulic pump (collectively, the “machine”). P. 4 of DIP’s complaint. The DIP filed a motion for summary judgment against Bolden on February 19, 1993. Bol-den answered the motion on…