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MATTER OF CHICAGO, MILWAUKEE, ST. PAUL & PAC. R. CO.

No. 85-1785.

784 F.2d 831 (1986)

In the Matter of CHICAGO, MILWAUKEE, ST. PAUL AND PACIFIC RAILROAD COMPANY, Debtor. APPEAL OF SOO LINE RAILROAD COMPANY and the Milwaukee Road, Inc., Appellants, Escanaba & Lake Superior Railroad Company, Appellee.

United States Court of Appeals, Seventh Circuit.

Decided February 27, 1986.

Rehearing and Rehearing Denied March 25, 1986.

Attorney(s) appearing for the Case

Marvin F. Metge, Gorham, Metge, Bowman & Hourigan, Chicago, Ill., for appellants.

Larry H. Mitchell, Arnall, Golden & Gregory, Washington, D.C., for appellees.

Before POSNER, FLAUM and EASTERBROOK, Circuit Judges.

Rehearing and Rehearing En Banc Denied March 25, 1986.

EASTERBROOK, Circuit Judge.

The Chicago, Milwaukee, St. Paul & Pacific R.R. entered bankruptcy proceedings in 1977. In February 1985 the district court approved the sale of the Milwaukee's railroad assets to the Soo Line R.R. for $571 million. That sale has produced myriad issues. We consider today whether the order approving the sale gave the Soo Line unencumbered title to 21 miles of track between...

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