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IN RE HEARTLAND CHEMICALS, INC.

Bankruptcy No. 86-70753, Adv. No. 87-7201.

136 B.R. 503 (1992)

In re HEARTLAND CHEMICALS, INC., an Illinois Corporation, Debtor. UNSECURED CREDITORS' COMMITTEE, for itself and on Behalf of the Estate of Heartland Chemicals, Inc., Plaintiff, v. BANQUE PARIBAS, a French Banking Corporation, Defendant.

United States Bankruptcy Court, C.D. Illinois.

January 28, 1992.

Attorney(s) appearing for the Case

Timothy A. French, David F. Heroy, Ralph T. Russell, Jr., Neal Gerber & Eisenberg, Chicago, Ill., for Unsecured Creditors' Committee.

Emmet A. Fairfield, Local Counsel, Brown Hay & Stevens, Springfield, Ill., for Unsecured Creditors' Committee.

Clyde Meachum, Meachum & Meachum, Danville, Ill., for Heartland Chemicals, Inc.

Stephen C. Carlson, Janet E. Henderson, John A. Heller, Jeffrey C. Steen, Sidley & Austin, Chicago, Ill., James M. Mulvaney, Local Counsel, Gunn & Hickman, Danville, Ill., for Banque Paribas.

OPINION

LARRY L. LESSEN, Chief Judge.

This adversary proceeding involves the manner in which the Defendant, Banque Paribas, terminated its financing of the Debtor, Heartland Chemicals, Inc., a local distributor of agricultural chemicals. The Plaintiff in this action is the Unsecured Creditors' Committee of Heartland. The Committee is proceeding on its own behalf and on behalf of the estate of Heartland.

Heartland was a wholesale distributor of agri...

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