Alithochrome Corp. v. Provident Mutual Life Insurance Co. of Philadelphia (In Re Alithochrome Corp.)

DECISION ON MOTION TO DISMISS

EDWARD J. RYAN, Bankruptcy Judge.

On February 28, 1982, Alithochrome Corp. (“Alithochrome”) filed a petition for reorganization under Chapter 11 of the Bankruptcy Code. The debtor was continued in possession of its property and in operation of its business pursuant to Section 1107 of the Code. Prior thereto, on December 31, 1980 and May 1, 1981, Provident Mutual Life Insurance Company of Philadelphia (“Provident”) issued four group insurance policies to Alithochrome to furnish accident, major medical, life and dental insurance to Alithochrome’s employees.

Alithochrom…