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IN RE VIRGINIA PACKAGING SUPPLY CO., INC.

Bankruptcy No. 89-02569-AT.

122 B.R. 491 (1990)

In re VIRGINIA PACKAGING SUPPLY COMPANY, INC., Debtor.

United States Bankruptcy Court, E.D. Virginia, Alexandria Division.

September 28, 1990.

Attorney(s) appearing for the Case

Nelson C. Cohen, Barbara L. Ward, Zuckerman, Spaeder, Goldstein, Taylor & Kolker, Washington, D.C., for debtor.

Jeffrey M. Sherman, Mark H. Berman, Shaw, Pittman, Potts & Trowbridge, McLean, Va., for Continental-Packaging Associates, Ltd. Partnership.

MEMORANDUM OPINION

DOUGLAS O. TICE, Jr., Bankruptcy Judge.

Virginia Packaging Supply Company, Inc. (VPS), is a debtor in possession in a Chapter 11 case commenced by an involuntary Chapter 7 petition filed on December 31, 1989. The order for relief under Chapter 7 was entered on January 18, 1990, and order of conversion to Chapter 11 entered on March 16, 1990.

The court held a hearing on April 13, 1990, on the debtor's motion to approve rejection...

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