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Legal Opinion

In Re Sharon Steel Corp.

United States Bankruptcy Court, W.D. Pennsylvania

Decided May 2, 1988No. 13-25063PublishedCited by 21 opinions

1Opinion of the Court

OPINION ON APPOINTMENT OF A TRUSTEE

WARREN W. BENTZ, Bankruptcy Judge.

I. Introduction

Sharon Steel Corporation (“Sharon” or “debtor”) filed its voluntary petition under Chapter 11 of the Bankruptcy Code on April 17, 1987. Its schedules show $742 million in liabilities and $478 million in assets. 1

Sharon is a steel maker, with blast furnaces and principal manufacturing equipment located in the vicinity of Sharon, Pennsylvania. It has some 28 subsidiary corporations, although not all are active. Sharon is controlled and principally owned by a Mr. Victor Posner (“Posner”) through various…

2Cases cited25 opinions

  1. Bankr. L. Rep. P 70,524 in Re Cloyd W. Devers and Barbara Devers, Debtors. Cloyd W. Devers and Barbara Devers v. Bank of Sheridan, MontanaCourt of Appeals for the Ninth Circuit · 1985
  2. Hotel Associates, Inc. v. Trustees of Central States SE & SW Areas Pension Fund (In Re Hotel Associates, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 1980
  3. Dardarian v. La Sherene, Inc. (In Re La Sherene, Inc.)United States Bankruptcy Court, N.D. Georgia · 1980
  4. In Re General Oil Distributors, Inc.United States Bankruptcy Court, E.D. New York · 1984
  5. In Re L. S. Good & Co.United States Bankruptcy Court, N.D. West Virginia · 1980

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3Cited by21 opinions

  1. In Re Sharon Steel Corporation, Debtor. Appeal of Dwg Corporation and Victor PosnerCourt of Appeals for the Third Circuit · 1989
  2. In Re Marvel Entertainment Group, Inc.Court of Appeals for the Third Circuit · 1998
  3. Sumitomo Trust & Banking Co. v. Holly's, Inc. (In Re Holly's, Inc.)United States Bankruptcy Court, W.D. Michigan · 1992
  4. In Re Ionosphere Clubs, Inc.United States Bankruptcy Court, S.D. New York · 1990
  5. In RE v. Savino Oil & Heating Co., Inc.United States Bankruptcy Court, E.D. New York · 1989

16 more not listed; retrieve them via the Exa API.

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