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MATTER OF QUANTA RESOURCES CORP.

Bankruptcy No. 81-5967, Civ. No. 82-3524.

55 B.R. 696 (1983)

In the Matter of QUANTA RESOURCES CORP., a corporation of the State of Delaware, Debtor. The STATE OF NEW YORK and the City of New York, Appellants, v. Thomas J. O'NEILL, Trustee in Bankruptcy of Quanta Resources Corp., Debtor, Appellee.

United States District Court, D. New Jersey.

January 24, 1983.

Attorney(s) appearing for the Case

Nolan, Bell & Moore, William F. McEnroe, argued, Newark, N.J., for trustee Thomas J. O'Neill.

Robert Abrams, Atty. Gen., State of N.Y., Norman Spiegel, argued, New York City, Frederick A.O. Schwarz, Jr., Corp. Counsel, City of N.Y., Gary Tarnoff, argued, New York City, for appellants.

MEMORANDUM OPINION

LACEY, District Judge.

This matter is before the court on an appeal from the decision of the Bankruptcy Court which permitted the trustee to abandon property over objections by the City and State of New York.

Quanta Resources ("Quanta") filed a Voluntary Petition in Bankruptcy pursuant to Chapter XI of the Bankruptcy Code. These proceedings were converted to a Chapter VII liquidation, and a trustee was appointed.

The Trustee...

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