European-American Bank & Trust Co. v. Gatx Aircraft Corp. (In Re Hawley Coal Mining Corp.)

MEMORANDUM OPINION AND ORDER

HALLANAN, District Judge.

Now pending before the Court is an appeal brought on behalf of European-American Bank and Trust Company (EAB) and French-American Banking Corporation (FABC) (Appellants) from a final Order of the United States Bankruptcy Court for the Southern District of West Virginia. This appeal was duly perfected pursuant to Rules 8001 et seq. of the Bankruptcy Rules. Both sides have extensively briefed the issues on appeal before the Court.

The proceedings leading to this appeal began in Bankruptcy Court during the autumn of 1983. On September 23, 1983,…