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IN RE WM. WOLF BAKERY, INC.

Bankruptcy No. 81-00069.

14 B.R. 382 (1981)

In re WM. WOLF BAKERY, INC., Debtor.

United States Bankruptcy Court, M.D. Louisiana.

September 22, 1981.

Attorney(s) appearing for the Case

John C. Anderson and Michael S. Wolf, Baton Rouge, La., for Wm. Wolf Bakery, Inc.

Edward M. Heller and Charles N. Malone, New Orleans, La., for the unsecured creditors' committee.

Ronald J. Hof of Landwehr, Hof & Smetherman, New Orleans, La., for Seaboard Allied Milling Corp.

Joseph E. Friend, New Orleans, La., for ADM Milling Co. and Archer Daniels Midland Co.

REASONS FOR JUDGMENT

A. LEON HEBERT, Bankruptcy Judge.

Seaboard Allied Milling Corporation (Seaboard) seeks adequate protection from the debtor for monies collected on accounts receivable allegedly assigned to it. Alternatively, Seaboard contends that it is entitled to have its claim treated as an administrative expense under § 503(b) of the Bankruptcy Code.

The debtor and Seaboard executed a Security...

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