IN RE PHOENIX STEEL CORP.

Civ. A. No. 87-147.

110 B.R. 141 (1989)

In re PHOENIX STEEL CORPORATION, Debtor.

United States Bankruptcy Court, D. Delaware.

October 19, 1989.


Attorney(s) appearing for the Case

Young, Conaway, Stargatt & Taylor by James L. Patton, Jr., Wilmington, Del., for debtor.

Office of U.S. Trustee by Joseph J. Mania, III, Staff Counsel.


HELEN S. BALICK, Bankruptcy Judge.

THE COURT: In July of 1987, the U.S. Trustee moved for an order compelling officers of the debtor to seek retention by court order, for an order reducing officers' salaries and an order directing appointment of an examiner.

The official Creditors Committee and the official Employee and Retiree Creditors Committee along with the debtor, Mellon Bank and NDIDC opposed the request for...

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