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IN RE CPM ENERGY SYSTEMS CORP.

Bankruptcy No. 89-103, Motion No. 89-87.

116 B.R. 411 (1990)

In re CPM ENERGY SYSTEMS CORPORATION. Frederic A. LANG v. CPM ENERGY SYSTEMS CORPORATION.

United States Bankruptcy Court, D. Delaware.

May 3, 1990.

Attorney(s) appearing for the Case

David J. Ferry, Jr., Wilmington, Del., for Frederic A. Lang.

Thomas D. Runnels, Newark, Del., for debtor.

HELEN S. BALICK, Bankruptcy Judge.

This is the court's Opinion on the question of whether Frederic A. Lang's claim has secured status in the CPM Energy Systems Corporation's Chapter 11 case.

Lang's claim arises out of a $200,000 loan made to CPM in October 1986 that was refinanced in February 1987. The original loan is evidenced by two $100,000 promissory notes, two stock purchase agreements authorized by corporate resolution and a financing statement filed...

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