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IN RE AFTER SIX, INC.

Bankruptcy No. 93-11150DAS.

177 B.R. 219 (1995)

In re AFTER SIX, INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

January 23, 1995.

Attorney(s) appearing for the Case

Neal D. Colton and Joel H. Levitin, Dechert Price & Rhoads, Philadelphia, PA, for debtor.

Leonard P. Goldberger, Wolf, Block, Schorr and Solis-Cohen, Philadelphia, PA, for official committee of unsecured creditors on behalf of reorganized debtor.

Kevin J. Carey, Mesirov, Gelman, Jaffe Cramer & Jamieson, Philadelphia, PA, for Corestates Bank.

William M. Lashner, Lashner & Lashner, Philadelphia, PA, for unions.

Kevin Miller, Berlack, Isaele & Liberman, New York City, for unofficial bondholders' committee.

Alexander N. Rubin and Leslie Baskin, Rubin, Quinn, Moss & Patterson, Philadelphia, PA, for CIT Corp.

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

OPINION

DAVID A. SCHOLL, Chief Judge.

A. INTRODUCTION

The instant contested matter is an Objection ("the Objection") presented by the Official Unsecured Creditors' Committee ("the Committee") of AFTER SIX, INC. ("the Debtor"), on behalf of the reorganized Debtor, to an unsecured Proof of Claim (Claim No. 320) ("the Claim") filed by Corestates Bank, N.A., as successor to the Philadelphia National Bank ("the Bank"), in an amount now reduced...

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