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MATTER OF YOUNGSTOWN STEEL TANK CO.

Civ. A. No. 82-2111, Bankruptcy No. 81-3363.

27 B.R. 596 (1983)

In the Matter of YOUNGSTOWN STEEL TANK COMPANY, an Ohio corporation, United Steel Service Inc., Warden Electric Inc., Decker Reichart Steel Co., Appellants.

United States District Court, W.D. Pennsylvania.

February 17, 1983.

Attorney(s) appearing for the Case

Michael A. Gallo, Youngstown, Ohio, for U.S. Steel Service, Warden Electric and Decker.

M. Bruce McCullough, Pittsburgh, Pa., for debtor Youngstown.

Hillard Kreimer, Pittsburgh, Pa., for Creditor's Committee of FSC.

William H. Walden, Hammond, Ind., for Albert and Eleanor Sanders.

Carter, Ledyard & Milburn, New York City, for U.S. Trust Co. of New York.

Stonecipher, Cunningham, Beard & Schmitt, Pittsburgh, Pa., for J.B. Kintner & Sons.

Dennis O'Brien, Pittsburgh, Pa., for Equimark Commercial Finance Co.

MEMORANDUM AND ORDER

WEBER, District Judge.

Three general unsecured creditors bring this appeal of the Bankruptcy Court's approval of a compromise by which the assets of the debtor (Youngstown) were transferred to the appellee Equimark Commercial Finance Company (Equimark), a secured creditor in return for a waiver of the deficiency the appellee would otherwise have against this debtor.1

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