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MATTER OF KORHUMEL INDUSTRIES, INC.

Nos. 88 C 7536, 88 C 7716.

103 B.R. 917 (1989)

In the Matter of KORHUMEL INDUSTRIES, INC., Debtor. KORHUMEL, INC., Plaintiff-Appellant, v. KORHUMEL INDUSTRIES, INC., Bernard Chaitman, as Trustee, etc., Defendants-Appellees. Nabil EL-SORROGY, Plaintiff-Appellee, v. KORHUMEL INDUSTRIES, INC., etc., Defendant-Appellee, and Newton Korhumel, Lee Korhumel, K Steel Co., and Korhumel Electric Corp., Defendants-Appellants.

United States District Court, N.D. Illinois, E.D.

July 28, 1989.

Attorney(s) appearing for the Case

Thomas L. Brejcha, Jr., David G. Duggan, Abramson & Fox, Chicago, Ill., for Korhumel, Inc.

Andrea R. Waintroob, John D. Jeske, Vedder, Price, Kaufman & Kammholz, Chicago, Ill., Norman B. Newman, Much, Shelist, Freed, Denenberg, Ament & Eiger, P.C., Gerald Munitz, Nachman, Munitz, Sweig, Ltd., Chicago, Ill., for Korhumel, Industries, Inc.

Deborah L. Thorne, Karen K. Litscher, Ronald F. DeNardis, Ellen Roberts, Mark Grayell, Feikens, Foster, VanderMale and Denardis, Detroit, Mich., for Unsecured Creditors Committee.

Nelson Hembree, Edwin J. Shinitzky, Ronald M. Brown, Brown & Shinitzky, Chartered, Chicago, Ill., for Nabil El-Sorrogy.

Thomas L. Brejcha, Jr., John J. Jawor, Abramson & Fox, Chicago, Ill., for Newton Korhumel et al.

Francis P. Smith, Shelmerdeane A. Miller, Bryan R. Orr, Shaheen, Lundberg, Callahan & Orr, Chicago, Ill., for other defendants.

MEMORANDUM OPINION

BRIAN BARNETT DUFF, District Judge.

Korhumel Industries, Inc. is an Illinois corporation which used to manufacture and sell farm equipment. The business did not treat Korhumel well, and so in February 1982, Korhumel filed for bankruptcy under Chapter 11 of the Bankruptcy Code. Over three years later, in December of 1985, the bankruptcy court of this district confirmed the Amended Plan of Reorganization proposed by the Committee of Unsecured...

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