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IN RE ALLIED PRODUCTS CORP.

No. 00 B 28798.

288 B.R. 533 (2003)

In re ALLIED PRODUCTS CORPORATION, Debtor.

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

January 6, 2003.

Attorney(s) appearing for the Case

Steven B. Towbin, Kathleen H. Klaus, Jeremy C. Kleinman, D'Ancona & Pflaum LLC, Chicago, IL, for Debtor.

John D. Shugrue, Paul Walker-Bright, Zevnik Horton, Chicago, IL, for ITT Industries, Inc.

Arthur J. Howe, Jason M. Rosenthal, Schopf & Weiss, Chicago, IL, George M. Plews, Jeffrey D. Featherstun, Indianapolis, IN, for City of South Bend, Indiana.

MEMORANDUM OF DECISION

EUGENE R. WEDOFF, Chief Judge.

This Chapter 11 case has come before the court on the debtor's motion to sell certain of its liability insurance policies back to the carriers who issued them — for the general benefit of its estate — and to enjoin parties with claims under these policies from taking any action against the carriers. As discussed below, (1) the insurance policies are property of the estate that the debtor...

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