In Re ABC-Naco, Inc.

MEMORANDUM OF DECISION

EUGENE R. WEDOFF, Chief Judge.

These administratively consolidated Chapter 11 cases have come before the court on the request of the receiver of a wholly owned Canadian subsidiary of one of the debtors for payment of an administrative expense, pursuant to § 503 of the Bankruptcy Code (Title 11, U.S.C.). The debtors oppose the request. Among other things, they assert claims of setoff or re-coupment, contending that any right to payment that the Canadian subsidiary holds against the debtor corporation is more than offset by amounts that the Canadian subsidiary owes to the…