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IN RE VALLEY FORGE CORP.

Bankruptcy No. 75-868G.

27 B.R. 121 (1983)

In re VALLEY FORGE CORPORATION (formerly known as Modular Sciences, Inc. and Commercial Acceptance Corporation), Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

February 7, 1983.

Attorney(s) appearing for the Case

Edward B. Cloues, II, Morgan, Lewis & Bockius, Philadelphia, Pa., for debtor, Valley Forge Corp.

Gary M. Perkiss, Joseph R. Pozzuolo Associates, P.C., Philadelphia, Pa., for creditor, Tekology Corp.

Robert Sherman Bramson, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for the Creditors' Committee.

OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

The issue in the case at bench is whether we have the equitable power to allow a proof of claim filed by a creditor in a chapter XI case, after the bar date for the filing of claims, set out in section 355 of the Bankruptcy Act ("the Act").1 We conclude, under the applicable law of this circuit, that we have no such power. Hence, we will disallow the creditor's untimely filed proof...

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