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IN RE THOMSON McKINNON SECURITIES INC.

Bankruptcy Nos. 90 B 10914, 90 B 11805.

125 B.R. 94 (1991)

In re THOMSON McKINNON SECURITIES INC. and Thomson McKinnon Inc., Debtors.

United States Bankruptcy Court, S.D. New York.

March 19, 1991.

Attorney(s) appearing for the Case

Debevoise & Plimpton by Krista E. Trousdale, New York City, for debtor.

Office of Frederick C. Stern by Frederick C. Stern, New York City, for creditors.

DECISION ON MOTION TO ALLOW REDUCED CLAIMS FOR RETURN OF CASH DEPOSIT

HOWARD SCHWARTZBERG, Bankruptcy Judge.

At issue is whether or not the plaintiffs may look to a cash bond which the debtor posted for a stay pending the appeal of a $655,609.00 judgment obtained by the plaintiffs. The cash bond was posted by the debtor two days before it filed its Chapter 11 petition with this court under the Bankruptcy Code. The debtor argues that the plaintiffs may not...

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