Dugan v. Pension Benefit Guaranty Corp. (In Re Rhodes, Inc.)

CONTESTED MATTER

JAMES E. MASSEY, Bankruptcy Judge.

INTERIM ORDER ON OBJECTION OF LIQUIDATING AGENT TO CLAIM OF PENSION BENEFIT GUARANTY CORPORATION

Debtors in this Chapter 11 case and the Pension Benefit Guaranty Corporation (“PBGC”) agreed during the pendency of this case to the “distress termination” of Debtors’ defined benefit pension plan. The termination of the pension plan gave rise to a prepetition unsecured claim against Debtors in favor of PBGC pursuant to the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1001, et seq. (“ERISA”) for the amount of unfunded benefit…