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IN RE YARN LIQUIDATION, INC.

Bankruptcy No. 95-11611.

217 B.R. 544 (1997)

In re YARN LIQUIDATION, INC., formerly SCT Yarns, Inc., Debtor.

United States Bankruptcy Court, E.D. Tennessee.

August 18, 1997.

Attorney(s) appearing for the Case

Richard C. Kennedy, Richard T. Klingler, Kennedy, Fulton, Koontz, & Farinash, Chattanooga, TN, for Debtor.

Richard D. Greer, Birmingham, AL, for Salaried Employees.

MEMORANDUM

R. THOMAS STINNETT, Bankruptcy Judge.

In this liquidating Chapter 11 case, the court has been called upon to determine the priority of severance pay claims filed by fourteen former employees of the debtor, SCT Yarns, Inc. The debtor's confirmed Chapter 11 plan generally provides for payment of unsecured claims in the order of priority set by § 507 of the Bankruptcy Code 11 U.S.C. § 507. For convenience, the court will refer to...

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