IN RE POINT WYLIE CO.

Bankruptcy Nos. 81-00118, 81-00119, Complaint No. 86-0309.

78 B.R. 453 (1987)

In re the POINT WYLIE COMPANY (Formerly Tega Cay Associates), a Limited Partnership and Tega Cay Utilities, Inc., Debtors. F. William HARGROVE, as Trustee for Unsecured Creditors, Plaintiff. v. TEGA CAY DEVELOPMENT COMPANY, INC., Crescent Land & Timber, Pritchard Paint & Glass, Research Development Ind., Seven Up Rock Hill Bottling, Spencer & Spencer, Tega Cay Property Owners Assoc., Spratt, McKeown & Spratt, Price Waterhouse & Co., Realty Capital Inc., a Alan Wall-work, Watson Advertising, Evening Herald, Federal Express, Guerard & Applegate, P.A., Hach Chemical Co., Hale & Dorr, Kelly Equipment Co., Mack, Mack & Freeman, Moore Electric Supply, Inc., Pound & Moore, Rock Hill Concrete Co., Jim Wilson, Bi-San-Co, Inc., Callahan Landscaping, Cannon, Kline & Blair, P.A., Carolina Time Equipment, Charlotte Chair & Equipment Rentals, Inc., Culp Brothers, Inc., Custom Trophies, Inc., Daytimers, George R. Knight, Lucas Concrete Products, Marbleland of Locust, McFarland Builders, McNeill's Heating & Air Cond., Mecklenburg Drywall Co., Bob Noon, Professional Planning Assoc., Quality Systems, Inc., Rea Brothers, a Applied Insulation, Austin Insulating Co., W.R. Burke, Carolina Glazing Co., Cheek Insulation, Components, Inc., Daughtry Sheet Metal Co., Duron Paints Company, Effective Environment, Inc., Fort Mill Telephone Co., H & S Lumber Co., Catawba Laboratories, Duke Power Co., Faulkner Well Company, Jones Chemicals, Arrow International, Xerox Corp., Allied Security Forces, Chase Manhattan Mortgage, Bowman Dist., Blake Brothers Texaco, Club Car, Inc., Goltra, Inc., Hearn Leasing Co., Jones Chemical Co., Oxford Chemicals, Defendants.

United States Bankruptcy Court, D. South Carolina.

September 1, 1987.


Attorney(s) appearing for the Case

Terry Laws, Nelson, Mullins, Riley & Scarborough, Greenville, S.C., for plaintiff.

Matthew J. Siembieda, Blank, Rome, Comita & McCauley, Philadelphia, Pa., for defendant Tega Cay Development Co.

Vickie R. Steele, Finkel, Georgaklis, Goldberg, Sheftman & Korn, P.A., Columbia, S.C., for defendant Crescent Land & Timber.


MEMORANDUM AND ORDER

J. BRATTON DAVIS, Bankruptcy Judge.

This adversary proceeding came before the court on a petition for interpleader filed by "F. William Hargrove, as Trustee for Unsecured Creditors"1, after a dispute arose regarding his proposed distribution of monies pursuant to a confirmed chapter 11 plan of reorganization.

In resolving the petition, the court must...

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