Legal Opinion

In re Miners Oil Co.

United States Bankruptcy Court, W.D. Virginia

Decided December 3, 2013No. 11-72354Published

1Opinion of the Court

MEMORANDUM DECISION

WILLIAM F. STONE, JR., Bankruptcy Judge.

This decision recounts a cautionary tale about the inherent risks associated with a Chapter 11 case and the recriminations which fly when rosy expectations of a successful resolution of a multitude of serious interrelated financial issues are shattered and the businessman who started the process is left astounded by how quickly he has learned that one’s attempt to control events can come to grief in a reorganization case without the support of creditors. Filing a Chapter 11 case is something like a very sick man taking very potent…

2Cases cited8 opinions

In Re Leslie Fay Companies, Inc.United States Bankruptcy Court, S.D. New York · 1994
In Re C. Walter Weiss, D/B/A W & M Investment, D/B/A Weiss Development in Re Paulette H. Weiss, D/B/A Karmel Korn, D/B/A Connectables, Incorporated, Debtors. Johanna F. McGahren as Personal Representative for the Estate of Francis J. McGahren Creditor-Appellant v. First Citizens Bank & Trust Company James Gary Rowe, Attorney for First Citizens Bank, Creditors-Appellees, and Barbara A. Heck, Trustee, Trustee-Appellee. In Re C. Walter Weiss, D/B/A Weiss Development, D/B/A W & M Investment in Re Paulette H. Weiss, D/B/A Karmel Korn, D/B/A Connectables, Incorporated, Debtors. Johanna F. McGahren as Personal Representative for the Estate of Francis J. McGahren Creditor-Appellant v. Barbara A. Heck, Trustee for C. Walter & Paulette Weiss, Trustee-Appellee. In Re C. Walter Weiss, D/B/A W & M Investment, D/B/A Weiss Development in Re Paulette H. Weiss, D/B/A Connectables, Incorporated, D/B/A Karmel Korn, Debtors. Johanna F. McGahren as Personal Representative for the Estate of Francis J. McGahren Creditor-Appellant v. David G. Gray, Creditor-Appellee, and Barbara A. Heck, Trustee, Trustee-Appellee, and First Citizens Bank & Trust Company James Gary Rowe, Attorney for First Citizens Bank, Creditors. In Re C. Walter Weiss, D/B/A W & M Investment Paulette H. Weiss, D/B/A Connectables, Incorporated, D/B/A Karmel Korn, Debtors. Estate of Francis J. McGahren Creditor-Appellant v. Barbara A. Heck, Trustee, Trustee-AppelleeCourt of Appeals for the First Circuit · 1997
In Re Heck's Properties, Inc.District Court, S.D. West Virginia · 1992
In Re Midway Industrial Contractors, Inc.United States Bankruptcy Court, N.D. Illinois · 2001
In Re Rabex Amuru of North Carolina, Inc.United States Bankruptcy Court, M.D. North Carolina · 1996

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