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IN RE GEORGETOWN STEEL CO., LLC

Bankruptcy No. C/A 03-13156-W, Adversary No. 03-80571.

318 B.R. 352 (2004)

In re GEORGETOWN STEEL COMPANY, LLC Debtor. Georgetown Steel Company, LLC, Plaintiff, v. Progress Rail Services Corporation, Defendant.

United States Bankruptcy Court, D. South Carolina.

September 30, 2004.

Attorney(s) appearing for the Case

Michael M. Beal, Lead Attorney, William H. Short, Jr., Lead Attorney, Haynsworth Sinkler Boyd, PA, Columbia, SC, for Plaintiffs.

Joseph F. Buzhardt, III, Office of the United States Trustee, Columbia, SC, for trustee.

ORDER

JOHN E. WAITES, Bankruptcy Judge.

This matter comes before the Court upon cross Motions for Summary Judgment filed by Georgetown Steel Company, LLC ("Georgetown Steel" or "Debtor") and Progress Rail Services Corporation ("Progress Rail" or "Defendant"). The controversy in this matter is the determination of which party is entitled to the proceeds of certain inventory that was in Debtor's possession on the date of the bankruptcy filing. After examining...

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