IN RE SILICON ELECTRO-PHYSICS, INC.

Bankruptcy Nos. 87-170E, 87-904PGH.

116 B.R. 44 (1990)

In re SILICON ELECTRO-PHYSICS, INC. d/b/a Pensilco, Debtor. In re PHOENIX MATERIALS CORPORATION, Debtor.

United States Bankruptcy Court, W.D. Pennsylvania.

As Amended July 17, 1990.


Attorney(s) appearing for the Case

Mark M. Ristau, Warren, Pa., Trustee.

Peter N. Pross, Pittsburgh, Pa., for Equibank.

William R. Bishop, Pittsburgh, Pa., for debtor.


OPINION

WARREN W. BENTZ, Bankruptcy Judge.

Issue

One of the corporate debtors owned and was the beneficiary of certain life insurance policies on the life of its president, who died after conversion of the Chapter 11 cases to Chapter 7. The issue is whether Equibank's prepetition and postpetition lien on debtors' "accounts, chattel paper, contract rights, documents, inventory and proceeds," and its...

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