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IN RE HILLS STORES CO.

Bankruptcy No. 91 B 10488(TLB).

137 B.R. 4 (1992)

In re HILLS STORES CO., et al., Debtor.

United States Bankruptcy Court, S.D. New York.

February 13, 1992.

Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler by Andrew Kress, Craig Reiders, Allison Klayman, New York City, for debtors.

Otterbourg, Steindler, Houston & Rosen by Glenn Rice, Scott Hazan, Richard Rubenstein, New York City, for official committee of unsecured creditors.

Anderson, Kill, Olick & Oshinsky by Roy Babitt, Mark F.C. Berner, New York City, for bondholders.

Kenneth S. Grossman, New York City, for certain bank creditors.

Feltman, Karesh, Major & Farbman by Edward M. Shapiro, New York City, for Westinghouse Credit Corp.

Harold Jones, U.S. Trustee by Keith Costa.

CORRECTED TEXT OF BENCH RULING DELIVERED ON JANUARY 17, 1992 ON MOTION FOR THE APPOINTMENT OF A SUBORDINATED BONDHOLDERS' SUBCOMMITTEE OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OR A COMMITTEE OF SUBORDINATED BONDHOLDERS

TINA L. BROZMAN, Bankruptcy Judge.

Almost a year ago, the United States Trustee appointed a single committee of unsecured creditors (the Committee) in this Chapter 11 reorganization for a very large retailer. No challenge to the U.S...

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