In re NELCO LTD., Chapter 11 Debtor-In-Possession.
United States Bankruptcy Court, E.D. Virginia, Richmond Division.https://leagle.com/images/logo.png
April 10, 1997.
April 10, 1997.
Attorney(s) appearing for the Case
James K. Cluverius, Little, Parsley & Cluverius, P.C., Richmond, VA, for The Long Term Credit Bank of Japan, Ltd. and Creditanstalt Corporate Finance, Inc.
Miles Siegel, Simpson, Thacher & Bartlett, New York City, for The Long Term Credit Bank of Japan, Ltd.
Peter Feldman, Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for Creditanstalt Corporate Finance, Inc.
Malcolm M. Mitchell, Jr., Murphy, McGettigan, Richards & West, Alexandria, VA, for CoreStates Bank, N.A.
Paul K. Campsen, Dennis T. Lewandowski, Kaufman & Canoles, P.C., Norfolk, VA, for Official Committee of Unsecured Creditors of Nelco Ltd.
Frank J. Santoro, Jane B. Wrightson, Marcus, Santoro & Kozak, P.C., Portsmouth, VA, for Nelco Ltd.
United States Bankruptcy Court, E.D. Virginia, Richmond Division.
MEMORANDUM OPINION
DOUGLAS O. TICE, Jr., Bankruptcy Judge.
In this chapter 11 case, three bank creditors1 and the unsecured creditors' committee filed separate motions to appoint a trustee. In the alternative the banks' motion requests the conversion of the case to a chapter 7.
Hearing on the motions was held on November 15, 1996, at which the court heard testimony...
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