IN RE AMATEX CORP.

Bankruptcy No. 82-05220S, Adv. Nos. 88-0615S to 88-0618S.

97 B.R. 220 (1989)

In re AMATEX CORPORATION, formerly known as American Asbestos Textile Corporation, Debtor. AMATEX CORPORATION, Plaintiff, v. The AETNA CASUALTY AND SURETY COMPANY, Defendant. AMATEX CORPORATION, Plaintiff, v. STONEWALL INSURANCE COMPANY, Defendant. AMATEX CORPORATION, Plaintiff, v. INTERSTATE FIRE AND CASUALTY COMPANY, Defendant. AMATEX CORPORATION, Plaintiff, v. BELLEFONTE INSURANCE COMPANY, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

March 10, 1989.


Attorney(s) appearing for the Case

J. Gregg Miller, Philadelphia, Pa., for debtor.

Pace Reich, Philadelphia, Pa., for Health Claimants Committee.

Charles V. Stoelker, Jr., Philadelphia, Pa., Guardian ad Litem.

William H. Bradbury, III, Norristown, Pa., for debtor-special counsel.

Robert P. Corbin, Philadelphia, Pa., for Stonewall.

Joseph A. Gindhart, Philadelphia, Pa., for Bellefonte.

James M. Matour, Philadelphia, Pa., for Guardian at litem.

Myron A. Bloom, Philadelphia, Pa., for Unsecured Creditors' Committee.

Leonard P. Goldberger, Philadelphia, Pa., for Aetna.

Mitchell S. Pinsly, Philadelphia, Pa., for Interstate.

Peter A. Dunn, Media, Pa., for American.


OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

The parties have stipulated that the only issue that we need decide in the above-entitled four very similar adversary proceedings at this juncture is whether, pursuant to the equitable powers vested in this court by 11 U.S.C. § 105(a), we can compel the defendant-insurers, contrary to the terms of their policies, to make lump-sum payments to the Debtor on account of...

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