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IN RE GUY C. LONG, INC.

Bankruptcy No. 87-01367F, Adv. No. 87-0435G.

74 B.R. 939 (1987)

In re GUY C. LONG, INC., Debtor. GUY C. LONG, INC., the Committee of Unsecured Creditors and Edgemont Stone & Supply Company, Plaintiffs, v. DEPENDABLE INSURANCE COMPANY and Provident National Bank, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

June 19, 1987.

Attorney(s) appearing for the Case

Mitchell W. Miller, Miller & Miller, Mary F. Walrath, Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., for debtor/movant/plaintiffs.

Katherine McAlice, Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., for Committee of Unsecured Creditors' Committee, and Edgemont Stone & Supply Co., plaintiffs.

Nathan B. Feinstein, Dilworth, Paxson, Kalish & Kauffman, Philadelphia, Pa., for Dependable Ins. Co., defendant.

Brett K. Kunin, Philadelphia, Pa., for Provident Nat. Bank.

OPINION

BRUCE FOX, Bankruptcy Judge:

At issue is whether the plaintiffs are entitled to a preliminary injunction which would prevent payment under a letter of credit. Plaintiffs are the debtor, the committee of unsecured creditors, (appointed pursuant to 11 U.S.C. 1102(a)(1), and an unsecured creditor, Edgemont Stone & Supply Company (Edgemont).1 The defendants are Provident National Bank (Provident), which is the issuer...

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