Matter of Pharmadyne Laboratories, Inc.
United States Bankruptcy Court, D. New Jersey
1Opinion of the Court
OPINION
and
ORDER
D. JOSEPH DE VITO, Bankruptcy Judge.
On March 30, 1981, Pharmadyne Laboratories, Inc. filed a petition in bankruptcy under Chapter 11 of Title 11 of the U.S. Code. The debtor continued in the management and possession of its properties until October 2, 1981, when a trustee was appointed. On September 24, 1982, the Court confirmed a plan of reorganization providing for the orderly liquidation of the estate, pursuant to 11 U.S.C. § 1123[b][4],
The plan provides that all claims against the estate entitled to priority under 11 U.S.C. § 507[a][l] shall be paid in full from the…
2Cases cited4 opinions
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