Legal Opinion

Official Committee of Unsecured Creditors of Manville Forest Products Corp. v. Manville Forest Products Corp. (In Re Manville Forest Products Corp.)

District Court, S.D. New York

Decided April 8, 1986No. 85 Civ. 3582(RO), 82 B 11659PublishedCited by 31 opinions

1Opinion of the Court

OPINION AND ORDER

OWEN, District Judge.

This is an appeal from an order of the Bankruptcy Court. The case stems from the filing for reorganization under Chapter 11 of the Bankruptcy Code by appellee Manville Forest Products Corporation (MFP). MFP was and is a fully solvent, wholly-owned subsidiary of Manville Corporation, which at the time of the facts in this case was involved in asbestos litigation. MFP, apparently fearing derivative liability, filed a Chapter 11 petition for reorganization. While in Chapter 11, it “defaulted” on certain payments of principal and interest due on its long term…

2Cases cited5 opinions

  1. Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
  2. In Re Joseph C. Taddeo and Ellen A. Taddeo, Debtors. Elfriede Di Pierro v. Joseph C. Taddeo and Ellen A. Taddeo and Richard J. McCord Interim TrusteeCourt of Appeals for the Second Circuit · 1982
  3. Chancellor v. Superior Court of California for the County of OrangeSupreme Court of the United States · 1982
  4. Levy v. Forest Hills Associates (In Re Forest Hills Associates)United States Bankruptcy Court, S.D. New York · 1984
  5. Debentureholders Protective Committee of Continental Investment Corp. v. Continental Investment Corp.Court of Appeals for the First Circuit · 1982

3Cited by31 opinions

  1. U.S. Bank Trust National Ass'n v. AMR Corp.Court of Appeals for the Second Circuit · 2013
  2. In Re Allegheny International, Inc.United States Bankruptcy Court, W.D. Pennsylvania · 1990
  3. The Ltv Corporation v. Gulf States Steel, Inc. Of AlabamaCourt of Appeals for the D.C. Circuit · 1992
  4. In Re Solutia Inc.United States Bankruptcy Court, S.D. New York · 2007
  5. In Re Texaco Inc.United States Bankruptcy Court, S.D. New York · 1987

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