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IN RE MANVILLE FOREST PRODUCTS CORP.

Bankruptcy No. 82 B 11659, Adv. No. 85-5911A.

89 B.R. 358 (1988)

In re MANVILLE FOREST PRODUCTS CORPORATION, Debtor. GULF STATES EXPLORATION CO., Plaintiff, v. MANVILLE FOREST PRODUCTS CORPORATION, Defendant.

United States Bankruptcy Court, S.D. New York.

August 5, 1988.

Attorney(s) appearing for the Case

Shotwell, Brown & Sperry, Monroe, La. (C.A. Martin, III, and George Wear, Jr., of counsel), Levin & Weintraub & Crames, New York City by Edmund M. Emrich, for debtor.

Liskow & Lewis, New Orleans, La. (Frederick W. Bradley, of counsel), John T. McMahon, Houston, Tex., Lansing R. Palmer, New York City, for Gulf States Exploration Co.

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON OBJECTION TO CLAIM

BURTON R. LIFLAND, Chief Judge.

I. Introduction

On August 26, 1982, Manville Forest Products Corporation ("M.F.P." or "Debtor") filed a voluntary petition for reorganization under Chapter 11, section 301 of the Bankruptcy Code (the "Code"). M.F.P. continued in the management and possession of its business and properties pursuant to sections 1107 and 1108 of the Code.

Prior...

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