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MATTER OF CENTENNIAL INDUSTRIES, INC.

Bankruptcy No. 78 B 1658.

3 B.R. 414 (1980)

In the Matter of CENTENNIAL INDUSTRIES, INC., d/b/a Biddle Purchasing Company, R.K. Carter & Co., Derrick Leonard & Co., Kanowitz, Farese & Co., Cam International, Harben Company, Gotham Druggists' Supply, Auto Parts & Gear, Jabro Auto Parts & Warehouse, and Atlantic Can Co., Debtor.

United States Bankruptcy Court, S.D. New York.

February 26, 1980.

MEMORANDUM AND ORDER

JOHN J. GALGAY, Bankruptcy Judge.

The question presented to this Court is whether two former employee claimants of a Chapter XI debtor may assert Chapter XI priority status for claims arising from a Court ordered rejection of the employees' labor agreements with the Chapter XI debtor. This Court holds that Chapter XI priority status may not attach to such claims, except to the extent of any unpaid wages and vacation pay earned during...

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