IN RE HUNT ENERGY CO., INC.

Bankruptcy No. B84-00954, Adv. No. B85-0076.

48 B.R. 472 (1985)

In re HUNT ENERGY CO., INC., Debtor and Debtor-In-Possession. HUNT ENERGY CO., INC., Plaintiff, v. UNITED STATES of America, et al., Defendants.

United States Bankruptcy Court, N.D. Ohio, E.D.

April 2, 1985.


Attorney(s) appearing for the Case

Kevin T. Duffy, Parks, Eisele & Bates, Cleveland, Ohio, for debtor and debtor-in-possession.

Brian A. Bash, Kahn, Kleinman, Yanowitz & Arnson, Cleveland, Ohio, for Unsecured Creditors' Committee.

John Silas Hopkins, III, Joseph Patchan, Susan B. Collins, Lenza McElrath, Jr., Constance M. Iskin, Harold Mead Hickok and Thomas R. Lucchesi, Baker & Hostetler, Cleveland, Ohio, for Seattle-First Nat. Bank, et al.

Frederick S. Coombs, III, Harrington, Huxley & Smith, Youngstown, Ohio, for Mahoning Nat. Bank.

Richard G. Hardy and Stephen A. Markus, Ulmer, Berne, Laronge, Glickman & Curtis, Cleveland, Ohio, for Russell Spitz.

Robert A. Westbrooks, Cleveland, Ohio, for East Ohio Gas Co.

James W. Ehrman, Manchester, Bennett, Powers & Ullman Co., L.P.A., Cleveland, Ohio, for Youngstown Indus. Corp. and LTV Steel Co., Inc.

Alan R. Lepene and Craig R. Martahus, Thompson, Hine & Flory, Cleveland, Ohio, for Finial Inv. Corp., Gefinor Inv. Corp. and B.I.D. Finance, B.V.

Lawrence E. Oscar, Hahn, Loeser, Freedheim, Dean & Wellman, Cleveland, Ohio, for Bank of New England, N.A.

David R. Mayo, Benesch, Friedlander, Coplan & Aronoff, Cleveland, Ohio, for Mechanic Lien Holders.

Larry G. Cecil, Fitch, Kendall, Cecil, Kendall & Robinson, Salem, Ohio, for Firestone Elec. Co.

Donald P. Herriott, Newman, Olson & Kerr, Youngstown, Ohio, for Schloeman Siemag A.G., and SMS Inc.

Michael D. Schenker, Kelley, McCann & Livingstone, Cleveland, Ohio, for Harbison-Walker Refractories.

Raymond T. Bules, Day, Ketterer, Raley, Wright & Rybolt, Canton, Ohio, for General Refractories Co.

Harry W. Greenfield, Javitch & Eisen Co., L.P.A., Cleveland, Ohio, for Combustion Engineering and Firestone-Yobe.

James R. King, Akron, Ohio, for Ohio Edison Co.

Marilyn Shea-Stonum, Jones, Day, Reavis & Pogue, Cleveland, Ohio, for North Star Steel Co.


MEMORANDUM OF OPINION

JOHN F. RAY, Jr., Bankruptcy Judge.

This matter came on for hearing on the amended complaint of Hunt Energy Co., Inc. ("Hunt") to sell assets comprising the Hunt mini-mill, Hunt's motion for order authorizing and directing Hunt to sell mini-mill assets to North Star Steel, motion of Russell W. Spitz to compel receiver to accept bid of Youngstown Industrial Corporation ("Spitz Motion"), the evidence, briefs of counsel and oral argument...

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