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IN RE AMERICA'S HOBBY CENTER, INC.

Bankruptcy No. 97 B 47390(TLB), Adversary No. 98-8299.

223 B.R. 275 (1998)

In re AMERICA'S HOBBY CENTER, INC., and America's Hobby Center, Inc., a Delaware Corporation, Debtor. OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF AMERICA'S HOBBY CENTER, INC., Plaintiff, v. HUDSON UNITED BANK, Defendant.

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

August 7, 1998.

Attorney(s) appearing for the Case

Van Borkulo-Nuzzo & Scarpulla by Saliann Scarpulla, Mahwah, NJ, for Hudson United Bank.

Law Offices of David Carlebach by David Carlebach, New York City, for Official Committee of Unsecured Creditors.

OPINION ON HUDSON UNITED BANK'S MOTION TO DISMISS AND THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS' MOTION FOR NUNC PRO TUNC APPROVAL OF ITS ADVERSARY PROCEEDING

TINA L. BROZMAN, Chief Judge.

Having little leverage and a pressing need for cash with which to operate, chapter 11 debtors not fortunate or well-heeled enough to have acquired postpetition financing typically ratify their prepetition lending agreements and waive the right to challenge...

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