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IN RE APPLIED SAFETY, INC.

Bankruptcy No. 95-17950DAS.

200 B.R. 576 (1996)

In re APPLIED SAFETY, INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

September 13, 1996.

Attorney(s) appearing for the Case

Thomas Maiorino, Astor Weiss Kaplan & Rosenblum, Philadelphia, PA, for Debtor.

Toby M. Daluz, Philadelphia, PA, for Breed Technologies, Inc.

Barry E. Bressler, Pelino & Lentz, P.C., Philadelphia, PA, for Pelino & Lentz, P.C., Creditor.

Frederic Baker, Ass't. U.S. Trustee, Philadelphia, PA.

OPINION

DAVID A. SCHOLL, Chief Judge.

A. INTRODUCTION

Before this court for determination is whether we should confirm the First Amended Plan of Reorganization ("the Plan") of APPLIED SAFETY, INC. ("the Debtor") in the face of the rejecting vote and objections to confirmation of the Plan ("the Objections") filed by Breed Technologies, Inc. ("Breed"). The Plan, proposed by a debtor which has ceased doing business, attempts to realize...

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