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IN RE ROUNDWOOD CORP., INC.

Bankruptcy No. 84-01634.

72 B.R. 296 (1987)

In re ROUNDWOOD CORPORATION, INC., Debtor.

United States Bankruptcy Court, D. South Carolina.

March 31, 1987.

Attorney(s) appearing for the Case

W. Ryan Hovis, Hovis & Duncan, P.A., Rock Hill, S.C., Trustee.

John S. Egan, Nelson, Mullins, Riley & Scarborough, Columbia, S.C., for Borg-Warner.

MEMORANDUM AND ORDER

J. BRATTON DAVIS, Bankruptcy Judge.

Before the court is the request of Borg-Warner Insurance Finance Corporation (Borg-Warner) for payment of an administrative expense arising out of a financing agreement relating to the purchase of insurance policies. By the agreement between Borg-Warner and the debtor, Roundwood Corporation (Roundwood), Borg-Warner agreed to finance on January 7, 1985, certain insurance policies on behalf of the debtor...

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