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MATTER OF UNION COUNTY WHOLESALE TOBACCO, ETC.

Bankruptcy Nos. 80-03134, 80-03135.

8 B.R. 442 (1981)

In the Matter of UNION COUNTY WHOLESALE TOBACCO & CANDY CO., INC., a corporation of the State of New Jersey, Debtor. In the Matter of STROUDSBURG WHOLESALERS, INC., a corporation of the Commonwealth of Pennsylvania, Debtor.

United States Bankruptcy Court, D. New Jersey.

January 15, 1981.

Attorney(s) appearing for the Case

Kleinberg, Moroney, Masterson & Schachter by Walter J. Greenhalgh, Millburn, N.J., for debtors.

Pitney, Hardin & Kipp by Catherine Langlois, Morristown, N.J., for R.J. Reynolds.

Paul R. De Filippo, Newark, N.J., Trustee.

D. JOSEPH DE VITO, Bankruptcy Judge.

The issue here arises in the context of the Chapter 11 proceedings initiated by each of the above debtors. Though the above proceedings have not been consolidated, because of the commonality of fact and issue, this Opinion applies to each proceeding.

Each debtor filed an identical plan of arrangement for orderly liquidation pursuant to 11 U.S.C. § 1123[b][4], leaving unimpaired the claims of First Eastern Bank, N.A...

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