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IN RE AIRPORT MACHINING CORPORATION

No. 5377.

371 F.Supp. 1262 (1973)

In the Matter of AIRPORT MACHINING CORPORATION, Parent Debtor corporation and its Subsidiaries, et al., Debtors.

United States District Court, W. D. Tennessee, E. D.

December 5, 1973.

Attorney(s) appearing for the Case

Edward P. Russell, Jr., Memphis, Tenn., for Union Planters Bank.

Carl H. Langschmidt, Jr., Memphis, Tenn., for Aetna Business Credit, Inc.

James E. Irion, Memphis, Tenn., for Texas Foundry.

Bruce S. Kramer, Memphis, Tenn., for Mayer Myers Paper Co. and T. I. Steel (USA), Inc.

John Van den Bosch, Jr., Jackson, Tenn. (original debtor) later, for Assoc. Foundaries of Tennessee.

Robert A. Udelsohn, Memphis, Tenn., for petitioning creditors.

C. W. Miles, III, James M. Glasgow, Union City, Tenn., for wage earners.

William R. Neese, Paris, Tenn., for Marion Yarbrough (minor stockholder).

George O. Benton, Jackson, Tenn., for Jefferson Federal Savings & Loan Assn. of Birmingham.

John R. Moss, Jackson, Tenn., for Bank of Huntsville.

W. J. Stricklin, Union City, Tenn., J. T. White, Atlanta, Ga., for bankrupt.

Glen Reid, Asst. U. S. Atty., Memphis, Tenn., for U. S. Attorney.

H. T. Brundige, Martin, Tenn., for Bank of Martin.

ORDER ON PRIORITY OF RIGHTS

WELLFORD, District Judge.

The United States through the District United States Attorney has filed very substantial claims in this cause against the debtor complex for (1) taxes (Internal Revenue Service), (2) excess profits (Renegotiation Board), (3) damages and excess costs (Department of Defense) and (4) damages for alleged breach of contract (Department of Labor). The United States has asserted priority for all of the claims...

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