In re READING TUBE INDUSTRIES and Lash Holdings Limited jointly administered, Debtors.
United States Bankruptcy Court, E.D. Pennsylvania.https://leagle.com/images/logo.png
April 7, 1987.
April 7, 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, 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.
United States Bankruptcy Court, E.D. Pennsylvania.
OPINION
THOMAS M. TWARDOWSKI, Bankruptcy Judge.
The debtors, Reading Tube Corporation and Lash Holdings Limited have filed a motion for authorization to borrow funds pursuant to 11 U.S.C. § 364(d), including the "priming" of certain liens now held by the long term secured lenders. Meridian Bank, on its own behalf, and as a servicing agent for Farmers Home Administration, and the United States Department of Agriculture...
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