United States Bankruptcy Court, D. New Jersey August 29, 1990, 19-11772 (In Re Gain Electronics Corp.)

MEMORANDUM OPINION

STEPHEN A. STRIPP, Bankruptcy Judge.

First Fidelity Bank, N.A., North Jersey (hereinafter “FFB”) has moved for a declaration of rights in the proceeds of sale of certain assets of the debtor. Movant FFB and respondent MDFC Equipment Leasing Corporation (hereinafter “MDFC”) both claim entitlement to said proceeds. There are two issues.