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IN RE MANVILLE FOREST PRODUCTS CORP.

Bankruptcy No. 82 B 11659.

43 B.R. 293 (1984)

In re MANVILLE FOREST PRODUCTS CORPORATION, Debtor.

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

October 5, 1984.

Attorney(s) appearing for the Case

Davis Polk & Wardwell, and Levin, Weintraub & Crames, New York City, for Manville Forest Products Corp.; Stephen H. Case, Lowell Gordon Harriss, Peter C. Kornman, Rodman W. Benedict, New York City, of counsel.

White & Case, New York City, for committee of unsecured creditors of Manville Forest Products Corp.; Jeffrey Barist, Alan L. Gropper, William P. Hammer, Jr., New York City, of counsel.

Mayer, Brown & Platt, Chicago, Ill., for Continental Illinois Nat. Bank and Trust Co. of Chicago; Harold L. Kaplan, Chicago, Ill., of counsel.

MEMORANDUM OPINION AND DETERMINATION OF ISSUES SUBMITTED UNDER PLAN OF REORGANIZATION

BURTON R. LIFLAND, Bankruptcy Judge.

On August 26, 1982, Manville Forest Products Corporation, the above-captioned debtor ("MFPC"), filed a petition for reorganization under Chapter 11 of the Bankruptcy Code ("the Code"). MFPC is a wholly owned subsidiary of the Manville Corporation. It is a manufacturer of timber, paper, and other wood products. It has never mined, manufactured...

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