Legal Opinion
Arthur v. Sharon Steel Corp. (In re Sharon Steel Corp.)
United States Bankruptcy Court, W.D. Pennsylvania
Decided March 26, 1997No. Bankruptcy Nos. 92-10958, 92-10959 and 92-10961; Motion No. PRB-5Published
1Opinion of the Court
OPINION1
WARREN W. BENTZ, Bankruptcy Judge.
Introduction
On November 30, 1992 (“Petition Date”), Sharon Steel Corporation (“Debtor”) filed its voluntary Petition for relief under Chapter 11 of the Bankruptcy Code. Citibank, N.A. for itself and as Agent for Lenders (“Citibank”) holds a security interest in substantially all of the Debtor’s assets. As of the Petition Date, Citibank was owed approximately $77,000,000. Citibank’s claim has been reduced over the course of the bankruptcy, but has not yet been paid in full. The Movants served as employees of the Debtor during the postpetition period…
2Cases cited12 opinions
- In Re Roth American, Inc., Debtor. Teamsters Local Union No. 401 Health & Welfare Fund International Brotherhood of Teamsters, Local 401Court of Appeals for the Third Circuit · 1992
- 15 Collier bankr.cas.2d 563, Bankr. L. Rep. P 71,437 in Re McKeesport Steel Castings Company. In Re McKeesport Steel Castings Company, Debtor. Equitable Gas Co. v. Equibank N.A., Condec Corporation. Appeal of Equitable Gas Company, a Division of Equitable Resources, Inc., MovantCourt of Appeals for the Third Circuit · 1986
- In Re Visual Industries, Inc.Court of Appeals for the Third Circuit · 1995
- Ulmer, Linda L. v. Harsco Corporation. Appeal of Linda UlmerCourt of Appeals for the Third Circuit · 1989
- In Re AssociatesCourt of Appeals for the Third Circuit · 1994
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