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IN RE INDUS. VALLEY REFRIG. & AIR COND. SUPPLIES

Bankruptcy No. 87-03215S.

77 B.R. 15 (1987)

In re INDUSTRIAL VALLEY REFRIGERATION AND AIR CONDITIONING SUPPLIES, INC., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

August 26, 1987.

Attorney(s) appearing for the Case

Lucy I. Corcoran, Philadelphia, Pa., for debtor.

Joseph Davison, Keith Leonard, Philadelphia, Pa., for Purchasers—IVR 1618 Inc.

Stephen Raslavich, Philadelphia, Pa., for Continental Bank.

Kenneth F. Carobus, Howard S. Klein, Philadelphia, Pa., for Creditors' Committee.

Drew Salaman, Philadelphia, Pa., for Infitec, Inc. et al.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

The Motion before us requires us to consider the proper standards to be applied in determining whether a pre-confirmation sale of virtually all of the assets of a Chapter 11 debtor should be authorized. We hold that the recent decision of the Court of Appeals in In re Abbotts Dairies of Pennsylvania, Inc., 788 F.2d 143 (3d Cir.1986), effectively overrules the prior holding...

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