IN RE UNITED CHEMICAL TECHNOLOGIES, INC.

Bankruptcy No. 95-18221DAS.

196 B.R. 716 (1996)

In re UNITED CHEMICAL TECHNOLOGIES, INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

June 5, 1996.


Attorney(s) appearing for the Case

Mary F. Walrath, Walrath & Coolidge, Philadelphia, PA, for Debtor.

Steven Usdin, Philadelphia, PA, for Creditors' Committee.

Robert A. Kargen, Lesser & Kaplin, P.C., Blue Bell, PA, for Corestates Bank.

Joseph A. Toregrossa, Morgan, Lewis & Bockius, Philadelphia, PA, for Huls America, Inc.

Charles Samsel, Begley, Carlin & Mandio, Langhorne, PA, for Bucks County Industrial Development Corp.

Douglas H. Riblet, Morrisville, PA, for Remac USA, Inc.

Albert George Bixler, Philadelphia, PA, for Northeast Environmental Services, Inc.

Stanley Lebofsky, Weinstein, Leonard & Lebofsky, Philadelphia, PA, for Young Adjustment Company.

Leslie B. Gaynus, Philadelphia, PA, for PA. Dept. of Labor & Industry.

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


OPINION

DAVID A. SCHOLL, Chief Judge.

A. INTRODUCTION

Presently before this court are Objections ("the Objections") of Corestates Bank ("the Bank") to the Amended Plan of Reorganization ("the Plan") filed by UNITED CHEMICAL TECHNOLOGIES, INC. ("the Debtor") and a Motion of the Bank for relief from the automatic stay to foreclose on its security interests against the Debtor ("the Motion"). Finding that the feasibility and 11 U.S.C. ...

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