IN RE DELAWARE RIVER STEVEDORES, INC.

Bankruptcy No. 91-13673S.

129 B.R. 38 (1991)

In re DELAWARE RIVER STEVEDORES, INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

July 16, 1991.


Attorney(s) appearing for the Case

Nathalie Martin, John F. Gough, Hoyle, Morris & Kerr, Philadelphia, Pa., for debtors.

Stanley B. Gruber, Freedman & Lorry, P.C., Philadelphia, Pa., for employees.

James J. O'Connell, Asst. U.S. Trustee, Philadelphia, Pa., U.S. Trustee.

C.S. Donoghue, Jr., Dept. of Labor, Office of Workers Compensation Programs, Div. of Longshore & Harbor Workers, Washington, D.C., for Dept. of Labor.

Eric E. Scheck, Meyner and Landis, Newark, N.J., for Nat. Westminster Bank.


OPINION

DAVID A. SCHOLL, Bankrutpcy Judge.

A. INTRODUCTION

The instant contested matter requires us to consider whether the automatic stay or a stay issued pursuant to 11 U.S.C. § 105(a) should be issued to prevent the United States Department of Labor ("the DOL") from demanding payment on a letter of credit ("L/C") issued by the Debtor's secured lender, National Westminster Bank N.J. ("Westminster"). The L/C in issue was given by the Debtor...

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