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IN RE 222 LIBERTY ASSOCIATES

Bankruptcy No. 88-11535S, Adv. No. 88-2193S.

101 B.R. 856 (1989)

In re 222 LIBERTY ASSOCIATES, Debtor. 222 LIBERTY ASSOCIATES, Plaintiff, v. EESCO ELECTRIC, INC. and United States Fidelity and Guaranty Company, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

June 23, 1989.

Attorney(s) appearing for the Case

Joseph A. Prim, Jr., Paul J. Duca, Philadelphia, Pa., for defendants.

Stephen Raslavich, General Counsel, Philadelphia, Pa., William Goldstein, Sp. Counsel, Bensalem, Pa., for debtor.

Robert J. Casey, Philadephia, Pa., for Philip J. Banks.

Laurence J. Kaiser, Kronish, Lieb, Weiner & Hellman, New York City, for Donald L. Wolk.

Andrew N. Schwartz, Philadelphia, Pa., for Creditors' Committee.

ADJUDICATION

DAVID A. SCHOLL, Bankruptcy Judge.

A. FINDINGS OF FACT

1. The bankruptcy case underlying this proceeding was commenced on May 3, 1988, when an involuntary Chapter 7 petition in bankruptcy was filed against 222 LIBERTY ASSOCIATES, the Debtor and Plaintiff in this lawsuit (hereinafter "the Debtor"), A consensual order for relief and an order converting this case to Chapter 11 were ultimately entered on September 8, 1988.

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