IN RE ALAN WOOD STEEL CO.

Bankruptcy No. 77-930EG.

5 B.R. 620 (1980)

In re ALAN WOOD STEEL COMPANY, Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

August 13, 1980.


Attorney(s) appearing for the Case

Fell, Spalding, Goff & Rubin, Sklar, Pearl, Lichtenstein & Sklar, Philadelphia, Pa., co-counsel for the Creditors' Committee.

Adelman & Lavine, Philadelphia, Pa., for the receiver.

James G. Sheehan, John S. Estey, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., for debtor.

L. Rex Bickley, Legal Bureau, Commonwealth of Pennsylvania, Dept. of Revenue, Harrisburg, Pa., for Commonwealth of Pennsylvania.


OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The issue before the court is whether the proof of claim of the Commonwealth of Pennsylvania for escheatable wages and dividends should be allowed. We conclude that such a claim should be disallowed because, according to Pennsylvania law, title to the escheatable funds does not vest in the Commonwealth and, therefore, the Commonwealth has no basis for its proof of claim.

The facts of the instant case are...

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