IN RE LEASING CONSULTANTS, INC.

Bankruptcy No. 70-B-656.

2 B.R. 165 (1980)

In re LEASING CONSULTANTS, INC., Bankrupt.

United States Bankruptcy Court, E.D. New York, at Westbury.

January 10, 1980.


Attorney(s) appearing for the Case

Hahn, Hessen, Margolis & Ryan, New York City, for trustee by George A. Hahn, Jeffrey L. Schwartz, New York City, of counsel.

Sonnenfeld, Busner & Weinstein, New York City, for Scientific Resources Corp. by Fred Sonnenfeld, New York City.

Zalkin, Rodin & Goodman, New York City, for Citibank N.A. by Willian Linden, New York City, of counsel.


ROBERT JOHN HALL, Bankruptcy Judge.

The trustee has moved this Court for an order declaring that certain claims constitute senior indebtedness under subordination agreements dated November 14, 1968 ("November Agreement") and May 28, 1969 ("May Agreement"). Claimant Scientific Resources Corporation ("SRC") filed an answer alleging that its claim constitutes senior indebtedness under the November Agreement.

For the reasons set forth in this decision, this Court...

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