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IN RE DREXEL BURNHAM LAMBERT GROUP INC.

Bankruptcy 90 B 10421.

151 B.R. 674 (1993)

In re the DREXEL BURNHAM LAMBERT GROUP INC., et al., Debtors.

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

February 19, 1993.

Attorney(s) appearing for the Case

P. Gruenberger, H. Spierer and L. Braun, Weil, Gotshal & Manges, New York City, for the Drexel Burnham Lambert Liquidating Trust (the "Trust"), as successor in interest to Drexel Burnham Lambert Group Inc. (DBL Group) and its affiliated companies (collectively, "Drexel" or "Debtor").

A. Nisselson and A. Heath, Brauner Baron Rosenzweig & Klein, New York City, for Indian Motocycle Associates, Inc. (claimant).

MEMORANDUM OF DECISION ON APPLICATION TO FILE LATE PROOF OF CLAIM

FRANCIS G. CONRAD, Bankruptcy Judge.*

This matter is before us 1 on Claimant's motion for an order granting permission to file a late proof of claim. The issue presented is whether a debtor-guarantor, without knowledge of prepetition default that would give rise to prepetition liability, must...

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