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IN RE F.A. POTTS & CO., INC.

Bankruptcy No. 81-03639 T.

23 B.R. 569 (1982)

In re F.A. POTTS AND CO., INC., and G.M.P. Land Company, Inc., Debtors, Jointly Administered.

United States Bankruptcy Court, E.D. Pennsylvania.

September 23, 1982.

Attorney(s) appearing for the Case

Leon S. Forman, Earl A. Stamm, Horace A. Stern, Philadelphia, Pa., Abe H. Frumkin, Pottsville, Pa., for debtors.

Gary Schildhorn, Philadelphia, Pa., for Creditors Committee.

Michael H. Reed, Philadelphia, Pa., for Ransomes & Rapier, P.L.C., European American Banking Corp.

Richard L. Berkman, Philadelphia, Pa., for Getty Refining & Marketing Co.

Robert H. Kauffman, Reading, Pa., for Nordic Bank.

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

Presently before the Court is an application for substantive consolidation, which was jointly filed by the debtors, F.A. Potts and Co., Inc., (hereinafter "Potts"), and G.M.P. Land Company, Inc. (hereinafter "GMP") in this Chapter 11 case. The application is opposed by European-American Banking Corporation (hereinafter "EAB"), a secured creditor of GMP and an unsecured creditor of Potts, and by Ransomes and...

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