Matter of Embassy Restaurant, Inc., Bankrupt, United States of America

STALEY, Circuit Judge.

The achievement of complete economic security for industrial workers is the ultimate aspiration of the American labor movement. One method of attaining a measure of this security is the union welfare fund maintained to provide employees with life insurance, hospital and surgical benefits, sick pay, and other advantages. Under virtually all arrangements for a welfare fund, the collective bargaining agreement obligates the employer to contribute a certain sum of money periodically to the fund.. Whether these employer contributions are entitled to preference under Section…