IN RE READING TUBE CORP.

Bankruptcy Nos. 87-00429 T, 87-00430 T.

73 B.R. 99 (1987)

In re READING TUBE CORPORATION and Lash Holdings Limited jointly administered, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

April 29, 1987.


Attorney(s) appearing for the Case

Samuel H. Becker, Blank, Rome, Comiskey & McCauley, Philadelphia, Pa., for U.G.I.

Neal D. Colton, Dechert, Price & Rhoads, Philadelphia, Pa., for Chazen Metal Corp.

Rhoda Firestone, Bruce Frankel, Angel & Frankel, P.C., New York City, for debtor Reading Tube.

John F. Gough, Abrahams & Lowenstein, Philadelphia, Pa., for Thomas Beard et al.

John A. Hamburger, John W. Butler, Butzel, Keidan, Simon, Myers & Graham, Bloomfield Hills, Mich., Eric Brossman, McNees, Wallace & Nutrick, Harrisburg, Pa., for Heller Finance and National Acceptance Corp.

Barry D. Kleban, Adelman, Lavine, Krasny, Gold & Levin, Philadelphia, Pa., for Cerro Copper.

John T. Howell, National Acceptance Co. of America, Chicago, Ill., for National Acceptance Corp.

Roger W. Kapp, Louis C. Lustenberger, Donovan, Leisure, Newton & Irvin, New York City, Robert W. Laposky, Rubin, Quinn & Moss, Philadelphia, Pa., for debtor.

Charles J. Phillips, Mogel, Speidel, Bobb & Kershner, Reading, Pa., for Creditors Committee.

Lynne Gerber Saionz, Philadelphia, Pa., for Union.

Marjorie O. Rendell, Duane, Morris & Hecksches, Philadelphia, Pa., for Meridian Bank.


MEMORANDUM OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

On January 29, 1987, Reading Tube Corporation, debtor ("debtor"), filed with this court a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. On February 4, 1987, Meridian Bank, on its own and for Farmers Home Administration, United States Department of Agriculture, and Economic Development Administration, United States Department of Commerce ("bank") filed a motion...

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