MATTER OF QUALITY SPICE

Bankruptcy No. 88-00460, Adv. No. 88-0165.

109 B.R. 84 (1989)

In the Matter of QUALITY SPICE, Debtor. QUALITY SPICE CORPORATION, Debtor and Debtor-in-Possession, Plaintiff, v. FEDERATION WAREHOUSE, New York, Piggyback Services Inc., Uncommon Carrier Warehouse, Inc., Pouch Terminal, Inc., Van Brunt Warehouse, Inc., Importers Storage, Inc., Berks Warehouse & Trucking Corp., Commodity Warehouse Inc., ETO Sterilization, Inc., Griffith Micro Science Inc., Manhattan Milling & Drying Co., Inc., Global Traffic Systems, Inc., and Baltimore Spice, Inc., Defendants. UNSECURED CREDITORS' COMMITTEE, Intervenor and Third Party Plaintiff, v. A-1 INTERNATIONAL COURIER SERVICES, et al., Third Party Defendants.

United States Bankruptcy Court, D. New Jersey.

December 28, 1989.


Attorney(s) appearing for the Case

Scheider & Wiener by Jeromy Galton, Newark, N.J., for First Fidelity Bank.

Torre, Schumann, Hession, Kennelly & Dorment by Louis Della Torre, Jr., Jersey City, N.J., for HCL Trading Corp.

Lasser, Hochman, Marcus, Guryan & Kuskin, Roseland, N.J., by Barry Eisenberg, New York City, for Gel Spice.

Bigham, Englar, Jones & Houston by Theodore Cunningham, Robert Phillips, James Simonsen, New York City, for Jantzen and Deeke, Gm v H.

Proskauer, Rose, Goetz & Mendelsohn, Steven Stein, Juliet Sarkessian, New York City, for Ludwig Mueller Co., Inc.

Mahoney & Keane, Edward Keane, New York City, for Hiang Kie.


OPINION

DANIEL J. MOORE, Bankruptcy Judge.

The Court presently considers the Omnibus Motion of First Fidelity, N.A. ("First Fidelity" or "Bank") which seeks the release of various Lots1 of pepper located in warehouses throughout New Jersey and New York. The Lots, subject of this motion, are particularized on Schedule D of a report prepared by the accounting firm of Peterson & Co., Consulting ("Peterson & Co."). Specifically...

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