IN RE HEAVEN SENT, LTD.

Bankruptcy No. 83-02389G, Adv. No. 84-1546G.

50 B.R. 636 (1985)

In re HEAVEN SENT, LTD., a/k/a Heaven Sent Couriers, Debtor. HEAVEN SENT, LTD., Plaintiff, v. CENTENNIAL INSURANCE COMPANY, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

June 28, 1985.


Attorney(s) appearing for the Case

Leonard P. Goldberger, Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., for debtor/plaintiff, Heaven Sent, Ltd., a/k/a Heaven Sent Couriers.

John F. Naulty, Naulty, Scaricamazza & McDevitt, Philadelphia, Pa., for defendant, Centennial Insurance Company.


OPINION

EMIL F. GOLDHABER, Chief Judge:

The portal question raised in the case at bench is whether a chapter 11 debtor has asserted a cause of action by alleging that its insurer attempted to cancel a postpetition insurance policy when the insurer knew that the insurance was necessary for the debtor's successful reorganization. For the reasons stated herein, we conclude that the debtor has not asserted a colorable basis for relief and thus we cannot award...

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