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IN RE WEDLO HOLDINGS, INC.

Bankruptcy Nos. 96 B 02698, 96 B 02701, 96 B 02702. Adversary No. 96 A 01025.

248 B.R. 336 (2000)

In re WEDLO HOLDINGS, INC., Wedlo Finance Inc., an Alabama corporation, Wedlo Inc. an Alabama corporation, Debtors. Heller Financial, Inc., Plaintiff, v. Samuel Schick, Inc., Defendant.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

May 16, 2000.

Attorney(s) appearing for the Case

Timothy J. Patenode, James W. Hutchinson, Warren Y. Nakatani, Katten, Muchin & Zavis, Chicago, IL, for Heller Financial, Inc.

Paul M. Bauch, Paul M. Bauch & Assoc., Chicago, IL, for Samuel Schick, Inc.

David Missner, Chicago, IL, for Wedlo Holdings, Inc., Wedlo Finance, Inc. and Wedlo Inc.

MEMORANDUM OPINION ON DEFENDANT'S MOTION FOR SUMMARY JUDGMENT

ERWIN I. KATZ, Bankruptcy Judge.

This adversary case is a core proceeding in the bankruptcy filed by Wedlo Holdings, Inc., Wedlo Finance, Inc. and Wedlo Inc. ("Wedlo" or "Debtors") under Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 101 et seq. Heller Financial, Inc. ("Heller"), a secured creditor of Wedlo, filed a complaint against Samuel Schick, Inc. ("Schick"), a supplier of inventory...

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