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IN RE PERFORMANCE PAPERS, INC.

Bankruptcy No. GK 89-04369, Adv. Nos. 90-8074, 90-8070, 89-0391 and 90-8054.

119 B.R. 127 (1990)

In re PERFORMANCE PAPERS, INC., Debtor. PERFORMANCE PAPERS, INC., Plaintiff, v. GEORGIA-PACIFIC CORPORATION, Defendant. PERFORMANCE PAPERS, INC., Plaintiff, v. PFIZER, INC., Defendant. SIMPSON PAPER CO., Plaintiff, v. PERFORMANCE PAPERS, INC., Defendant. A.E. STALEY MANUFACTURING CO., Plaintiff, v. PERFORMANCE PAPERS, INC., Defendant.

United States Bankruptcy Court, W.D. Michigan.

September 26, 1990.

Attorney(s) appearing for the Case

Bruce R. Grubb, Kalamazoo, Mich., for Georgia-Pacific Corp., Pfizer, Inc., and Simpson Paper Co.

Gregory G. St. Arnauld, Kalamazoo, Mich., for A.E. Staley Mfg. Co.

Robert B. Borsos, and Jeffrey S. Rubel, Kalamazoo, Mich., for Performance Papers, Inc.

OPINION ON JOINT MOTION FOR SUMMARY JUDGMENT AND/OR PARTIAL SUMMARY JUDGMENT

JAMES D. GREGG, Bankruptcy Judge.

Issue

The joint motion for summary judgment and/or partial summary judgment in these related adversary proceedings raises the issue of the proper valuation of the replacement liens granted to certain reclamation creditors. While each of the reclamation creditors supplied the Debtor with different raw materials used in the Debtor's...

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