IN RE MAYER POLLOCK STEEL CORP.

Bankruptcy Nos. 93-11975DAS, 93-11977S.

174 B.R. 414 (1994)

In re MAYER POLLOCK STEEL CORPORATION d/b/a Pollock Reading, Inc. d/b/a Phoenixville Scrap d/b/a Pollock Steel d/b/a Pollock Columbia d/b/a Pollock-Dixon d/b/a Montgomery Equipment Sales & Services, The Pollock Corporation, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

November 23, 1994.


Attorney(s) appearing for the Case

Peter A. Meltzer, Fellheimer Eichen & Braverman, P.C., Jay G. Ochroch, Fox, Rothschild, O'Brien & Frankel, Philadelphia, PA, for debtors.

Robert Lapowsky, Cohen, Shapiro, Polisher, Shiekman & Cohen, Philadelphia, PA, for Creditors' Committee.

Gretchen Santamour, Lesser & Kaplin, Blue Bell, PA, for Midlantic Bank.

Michael F.J. Romano, Woodbury, NJ, for Orix Credit Alliance.

Leonard P. Goldberger, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, PA, for London Salvage & Trading Co.

Michael R. Lastowski, Saul, Ewing, Remick & Saul, Philadelphia, PA, for Gen. Elec. Credit Corp.

Frederic Baker, Asst. U.S. Trustee, Philadelphia, PA.


OPINION

DAVID A. SCHOLL, Chief Judge.

A. INTRODUCTION

Before us is the issue of whether this court should confirm the Debtor's [sic] Joint Amended Second Plan of Reorganization Pursuant to Chapter 11 of Title 11 of the United States Code ("the Plan") over the Objections of the Debtors' largest secured creditor, Midlantic Bank, N.A., successor to Continental Bank ("the Bank"). These Objections are now confined to a few technical issues...

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