In Re Cardinal Industries, Inc.

OPINION AND ORDER ON MOTION TO RECLASSIFY CERTAIN CLAIMS (TELERENT LEASING CORPORATION)

BARBARA J. SELLERS, Bankruptcy Judge.

Jay Alix, the Chapter 11 operating trustee (“Trustee”) for Cardinal Industries, Inc. (“Cardinal”) and its substantively consolidated corporate subsidiaries has filed a motion seeking to reclassify certain claims as general unsecured claims. The claim at issue in this contested matter is that of Telerent Leasing Corporation (“Telerent”).

Telerent’s proof of claim in the amount of $4,468,739.71 asserts a priority unsecured status as an administrative expense pursuant to §…