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IN RE PAPERCRAFT CORP.

Bankruptcy No. 91-00903 JKF. Adv. No. 91-0642.

187 B.R. 486 (1995)

In re PAPERCRAFT CORPORATION, a Pennsylvania Corporation, Debtor. COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS and Committee of Creditors Holding Unsecured Claims, as Estate Representative of Papercraft Corporation, Plaintiffs, v. CITICORP VENTURE CAPITAL, LTD., a New York Corporation, Defendant.

United States Bankruptcy Court, W.D. Pennsylvania.

October 12, 1995.

Attorney(s) appearing for the Case

Philip E. Beard, Pittsburgh, Stephan M. Ray, Los Angeles, CA, for plaintiffs.

Paul K. Vey, Pittsburgh, PA, for defendant.

MEMORANDUM OPINION

JUDITH K. FITZGERALD, Bankruptcy Judge.

The matter before the court is an action by the Committee of Creditors Holding Unsecured Claims and Committee of Creditors Holding Unsecured Claims as Estate Representative of Papercraft Corporation (hereafter collectively "creditors' committee" or "committee") for equitable subordination and objecting to the claim of Citicorp Venture Capital, Ltd...

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