Legal Opinion

In Re Reading Tube Industries

United States Bankruptcy Court, E.D. Pennsylvania

Decided April 7, 1987No. 14-10652PublishedCited by 15 opinions

1Opinion of the Court

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

The debtors, Reading Tube Corporation and Lash Holdings Limited have filed a motion for authorization to borrow funds pursuant to 11 U.S.C. § 364(d), including the “priming” of certain liens now held by the long term secured lenders. Meridian Bank, on its own behalf, and as a servicing agent for Farmers Home Administration, and the United States Department of Agriculture (hereinafter collectively “bank”) filed an objection to the debtor’s motion, averring that the debtor has not provided adequate protection to the bank. 1 We will deny the debtor’s…

2Cases cited7 opinions

  1. Bankr. L. Rep. P 71,146 in Re Snowshoe Company, Inc., Debtor. (Three Cases). Michael L. Bray, Trustee v. Shenandoah Federal Savings and Loan Association, and Ingersoll-Rand Financial Credit Corporation Monongahela Power Company Charleston Linen Service Precision Pump, Inc. Ford Motor Credit Company John Deere Industrial Equipment Company Snowshoe Summit Development Company Miscellaneous Creditors Haven Homes, Inc. Bowles, McDavid Graff & Love Law Firm Mountain State Telephone Company Remond, Anderson & Rice, Inc. Community Bank and Trust, National Association Charleston National Bank Hungry Hare, Inc. And Slope Shops, Inc., (Two Cases). Michael L. Bray, Trustee v. Ingersoll-Rand Financial Credit Corporation, and Shenandoah Federal Savings and Loan Assocation Monongahela Power Company Charleston Linen Service Precision Pump, Inc. Ford Motor Credit Company John Deere Industrial Equipment Company Snowshoe Summit Development Company Miscellaneous Creditors Haven Homes, Inc. Bowles, McDavid Graff & Love Law Firm Mountain State Telephone Company Remond Anderson & Rice, Inc. Community Bank and Trust, National Association Charleston National Bank Hungry Hare, Inc. And Slope Shops, Inc.Court of Appeals for the Fourth Circuit · 1986
  2. In Re Beker Industries Corp.United States Bankruptcy Court, S.D. New York · 1986
  3. Associates Commercial Corp. v. Attinello (In Re Attinello)United States Bankruptcy Court, E.D. Pennsylvania · 1984
  4. Matter of St. Petersburg Hotel Associates, Ltd.United States Bankruptcy Court, M.D. Florida · 1984
  5. In Re Crouse Group, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1987

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3Cited by15 opinions

  1. In Re 495 Central Park Avenue Corp.United States Bankruptcy Court, S.D. New York · 1992
  2. In Re Ames Department Stores, Inc.United States Bankruptcy Court, S.D. New York · 1990
  3. In Re Aqua AssociatesUnited States Bankruptcy Court, E.D. Pennsylvania · 1991
  4. In Re DB Capital Holdings, LLCUnited States Bankruptcy Court, D. Colorado · 2011
  5. In Re Yl West 87th Holdings I LLCUnited States Bankruptcy Court, S.D. New York · 2010

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