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IN RE OLD ELECTRALLOY CORP.

Bankruptcy No. 91-00062E, Motion No. 91-250.

132 B.R. 705 (1991)

In re OLD ELECTRALLOY CORPORATION, f/k/a and f/d/b/a Electralloy Corporation, Debtor. FIRST SENECA BANK, Movant, v. ELECTRALLOY CORPORATION and Richard W. Roeder, Trustee, Respondents, and Central Heating & Plumbing Co., Inc., Jonas Hochstettler and Pennzoil Products Company, Intervening Respondents.

United States Bankruptcy Court, W.D. Pennsylvania.

As Amended November 19, 1991.

Attorney(s) appearing for the Case

Guy C. Fustine, Erie, Pa., for trustee.

Richard J. Parks, Mercer, Pa., for First Seneca Bank.

James M. Greenfield, Franklin, Pa., for Central Heating & Plumbing Co., Inc.

David L. Hotchkiss, Meadville, Pa., for Jonas Hochstettler.

James R. Walczak, Erie, Pa., for Pennzoil Products Co.

OPINION

WARREN W. BENTZ, Bankruptcy Judge.

Background

On January 29, 1991, Electralloy Corporation ("Debtor") filed a voluntary Petition under Chapter 7 of the Bankruptcy Code. Richard W. Roeder, Esq. was appointed as Chapter 7 Trustee ("Trustee"). The Trustee has operated the Debtor's business and sold it as a going concern, excluding the two parcels of real estate here in question.

The...

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