IN RE DELTACORP, INC.

Bankruptcy Nos. 89-B-11759 (TLB), 89-B-11832 (TLB), 89-B-11833 (TLB), 90-B-12463 (TLB), 90-B-12464 (TLB) and 90-B-12371 (TLB). Adv. No. 91-5955A.

179 B.R. 773 (1995)

In re DELTACORP, INC., et al., Debtors. Edward G. MORAN, as Trustee of the Estates of the Consolidated Debtors, Plaintiff, v. HONG KONG & SHANGHAI BANKING CORP., Defendant.

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

As Amended March 21, 1995.


Attorney(s) appearing for the Case

Ellen G. Zindler, New York City, for debtors.

Emmet, Marvin & Martin by Edward P. Zujkowski, New York City, for defendant.


DECISION ON TRUSTEE'S MOTION TO AMEND AND BANK'S MOTION FOR SUMMARY JUDGMENT

TINA L. BROZMAN, Bankruptcy Judge.

Much has been written about whether and when substantive consolidation is appropriate. But considerably less guidance exists regarding the effect of an order substantively consolidating estates. It is in this grayer area that the dispute in this adversary proceeding arises. The chapter 11 trustee for the consolidated estates moves to amend...

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