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IN RE SILLDORFF

Nos. 88-1185, 88-1198.

96 B.R. 859 (1989)

In re Herbert J. SILLDORFF and Sandra K. Silldorff, Debtors. William H. CHRISTISON, Trustee, Plaintiff, v. Henry P. SLANE, John T. McConnell, Steven R. Coch, Thomas F. Driscoll, and Jan Meyer, Trustees of the Peoria Journal Star, Inc., Basic and Supplemental Employee Stock Ownership Plan, and Sandra K. Silldorff, Defendants. In re Everett E. HOWARD and Judy Ann Howard, Debtors. William H. CHRISTISON, Trustee, Plaintiff, v. Henry P. SLANE, John T. McConnell, Steven R. Coch, Thomas F. Driscoll, and Jan Meyer, Trustees of the Peoria Journal Star, Inc., Basic and Supplemental Employee Stock Ownership Plan, and Judy Ann Howard, Defendants.

United States District Court, C.D. Illinois, Peoria Division.

February 17, 1989.

Attorney(s) appearing for the Case

Andres W. Covey, Baymiller, Christison & Radley, Peoria, Ill., for plaintiff.

Charles E. Covey, Covey & Litterst, Peoria, Ill., for Sandra Sildorff and Judy Ann Howard.

Stephen A. Kouri, Vonachen, Lawless, Trager & Slevin, Peoria, Ill., and Robert R. Watson, Sidley & Austin, Chicago, Ill., for all other defendants.

ORDER

MIHM, District Judge.

FACTS

Sandra K. Silldorff and Judy Ann Howard (Debtors) have been employees of the Peoria Journal Star, Inc. (Company) for a number of years. Each filed petitions for relief under Chapter 7 of the Bankruptcy Code. The debtors' pre-petition debts have been discharged.

The Company established its Basic Employee Stock Ownership Plan and its Supplemental Employee Stock Ownership Plan on January 1, 1983 (cumulatively...

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