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IN RE BROOKFIELD CLOTHES, INC.

No. 82 CIV 0022 (LBS).

31 B.R. 978 (1983)

In re BROOKFIELD CLOTHES, INC., Debtor. Appeal of KREDIETBANK N.V.

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

June 21, 1983.

Attorney(s) appearing for the Case

Angel & Frankel, P.C., Joshua J. Angel, Eric S. Brown, New York City, for appellee Brookfield Clothes, Inc.

Cleary, Gottlieb, Steen & Hamilton, George Weisz, Scott Horton, Wanda Olson, New York City, for appellant Kredietbank N.V.

Sherman & Citron, P.C., Cecil A. Citron, Robert Kolodney, New York City, for amicus curiae Official Creditors' Committee of Brookfield Clothes, Inc.

OPINION

SAND, District Judge.

This proceeding is an appeal from the Order of Bankruptcy Judge Prudence B. Abram, dated November 15, 1982, authorizing and approving the sale of substantially all of the assets of the debtor Brookfield Clothes, Inc. ("Brookfield" or appellee) to the Abraham Zion Corporation ("Zion"). The standard of review employed herein is that set forth in Emergency Bankruptcy Rule 1, which provides that the district court may hold a hearing...

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