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IN RE SAWMILL HYDRAULICS, INC.

Bankruptcy No. 185-02027.

72 B.R. 454 (1987)

In re SAWMILL HYDRAULICS, INC., an Illinois Corporation, Debtor.

United States Bankruptcy Court, C.D. Illinois.

April 16, 1987.

Attorney(s) appearing for the Case

Barry M. Barash, Barash, Stoerzbach & Henson, Galesburg, Ill., for debtor.

David K. Stalker, Stalker & Meyer, Steven N. Mottaz, Thomas, Mottaz, Eastman & Sherwood, Alton, Ill., for Bobby Strader, creditor.

Ronald Weber, Froehling, Taylor & Weber, Canton, Ill., for The Nat. Bank of Canton, creditor.

OPINION

WILLIAM V. ALTENBERGER, Bankruptcy Judge.

The Debtor corporation manufactures sawmill equipment and filed a Chapter 11 proceedings to reorganize. This matter came on to be heard on the Debtor's motion for confirmation. The Debtor's plan of reorganization provides for a capital contribution through certain shareholders working for below normal wages and the reorganized Debtor incurring additional bank debt of $50,000.00 with the new debt and existing...

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