Shaw Industries, Inc. v. First National Bank of PA (In Re Shaw Industries, Inc.)

OPINION 1

WARREN W. BENTZ, Bankruptcy Judge.

Introduction

Shaw Industries, Inc. (“Shaw” or “Debt- or”) filed a voluntary Petition under Chapter 11 of the Bankruptcy Code on June 1, 2003. At the time of the filing of the Petition, Shaw had two secured creditors — First National Bank of Pennsylvania (the “Bank”) and Northwest Regional Planning & Development Commission and Northwest Small Business Federal Funding (collectively, the “Commission”). Pres ently before the Court is Shaw’s EMERGENCY MOTION FOR AUTHORITY TO INCUR SENIOR SECURED DEBT (“Motion”). Shaw seeks authority to incur a new…