IN RE APEX OIL CO.

Bankruptcy No. 87-03804-BSS, Motion Nos. 04-140-C, 04-143-C.

92 B.R. 847 (1988)

In re APEX OIL COMPANY, et al., Debtors.

United States Bankruptcy Court, E.D. Missouri, E.D.

November 8, 1988.


Attorney(s) appearing for the Case

Arnold M. Quittner, Robert Jay Moore, Paul S. Aronzon, Gendel, Raskoff, Shaprio & Quittner, Los Angeles, Cal., Dennis A. Ferrazzano, Barack, Ferrazzano and Kirschbaum, Chicago, Ill., Milton B. Hyman, Irell & Manella, Los Angeles, Cal., Special Counsel), for debtors.

Alan N. Salpeter, Howard J. Roin, David S. Curry, Mayer, Brown & Platt, Chicago, Ill., Cherie Erickson Harris, Mayer, Brown & Platt, Los Angeles, Cal., for AOC Acquisition Corp.

Gregory D. Willard, Laurence M. Frazen, Bryan, Cave, McPheeters and McRoberts, St. Louis, Mo., Stephen J. Blauner, David C.L. Frauman, Milbank, Tweed, Hadley and McCloy, New York City, for The Lender Group.

Lloyd A. Palans, Gallop, Johnson and Neuman, St. Louis, Mo., Examiner.

Steven N. Cousins, Armstrong, Teasdale, Kramer, Vaughan & Schlafly, St. Louis, Mo., for Unsecured Creditors Committee.

Matthew Gluck, Fried, Frank, Harris, Shriver & Jacobson, New York City, for Getty Petroleum Corp.

Sharon F. Daily, Greensfelder, Hemker, Wiese, Gale & Chappelow, St. Louis, Mo., for Murphy Co. Mechanical Contractors and Engineers.

Roger A. Ferree, McCutchen, Black, Verleger & Shea, Los Angeles, Cal., for Chemical Bank.

Steven M. Hamburg, Summer, Compton, Wells & Hamburg, St. Louis, Mo., for Curry Inv. Co.

Joseph F. Devereux, Jr., St. Louis, Mo., for Getty Petroleum Corp. and Getty Terminals Corp.

David E. Schaper, Keck, Mahin & Cate, Chicago, Ill., for Biscraft Indus. Scaffolding & Indus. Gunite, Inc.

Marjorie O. Rendell, Duane, Morris & Heckscher, Philadelphia, Pa., for Key Bank, N.A.

Arthur S. Weisbrodt, Charles P. Neuffer, III, Commercial Litigation Div., Economic Regulatory Admin. U.S. Dept. of Energy, Washington, D.C.

Charles D. Stodgill, Commercial Litigation Div., Civ. Div. U.S. Dept. of Energy, Classification Unit, Washington, D.C.

Frederick J. Dana, Asst. U.S. Atty., St. Louis, Mo.

Carol Chazen Friedman, St. Louis, Mo., Sheldon I. Hirshon, Ira M. Golub, Proskauer, Rose, Goetz & Mendelsohn, New York City, for NMU Pension Trust and Plan.


MEMORANDUM OPINION

BARRY S. SCHERMER, Bankruptcy Judge.

INTRODUCTION

On December 24, 1987, Apex Oil Company, a Missouri general partnership, and 51 subsidiary entities (hereinafter, collectively "Apex") filed voluntary petitions under Chapter 11 of Title 11 of the United States Code.1 The cases have been procedurally consolidated and Apex has continued in possession and operation of its various businesses.

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