In the Matter of EMBRACE SYSTEMS CORPORATION, d/b/a Embrace Technology Systems, Inc., Debtor.
United States Bankruptcy Court, W.D. Michigan.https://leagle.com/images/logo.png
February 16, 1995.
February 16, 1995.
Attorney(s) appearing for the Case
Thomas E. O'Brien, Chicago, IL, and Michael W. Donovan, Grand Rapids, MI, for Embrace Systems Corp.
Patrick R. Sughroue, Grand Rapids, MI, for Eco-Fibre Corp.
Michael L. Gesas, Chicago, IL, and James D. Stone, Macatawa, MI, for Herbert R. Eldean.
Harold E. Nelson, Grand Rapids, MI, for certain so-called Bridge Loan Investors.
Dan E. Bylenga, Jr., Grand Rapids, MI, for Price Waterhouse.
James Triant, Grand Rapids, MI, for Creditors' Committee.
Ronald L. Rose, Detroit, MI, and Douglas L. Lutz, Grand Rapids, MI, for Guardian Fiberglass, Inc.
United States Bankruptcy Court, W.D. Michigan.
OPINION REGARDING DEBTOR'S AMENDED MOTION FOR LEAVE TO ASSUME AMENDED EXECUTORY CONTRACT
JAMES D. GREGG, Bankruptcy Judge.
I. ISSUES
In this chapter 11 case, should the court, pursuant to 11 U.S.C. § 363(b)(1),1 approve a transfer of certain technology to an asserted insider buyer without the approval of a chapter 11 plan? Given the facts and circumstances, should the court order the appointment...
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