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IN RE PENN STATE CLOTHING CORP.

Bankruptcy No. 92-16361DAS.

204 B.R. 161 (1997)

In re PENN STATE CLOTHING CORPORATION, Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

January 8, 1997.

Attorney(s) appearing for the Case

Andrew N. Schwartz, Trustee, Philadelphia, PA.

Louis Hockman, Snitow & Snitow, Philadelphia, PA, for Trustee.

David C. Shuter, Obermayer, Rebmann, Maxwell & Hippel, Philadelphia, PA, for Debtor.

Kenneth F. Carobus, Philadelphia, PA, for Creditors' Committee & Ernst & Young.

Leslie B. Gaynus, Philadelphia, PA, for PA Dept. of Labor & Industry.

Prince Altee Thomas, Philadelphia, PA, for PA. Dept. of Revenue.

OPINION

DAVID A. SCHOLL, Chief Judge.

A. INTRODUCTION

Our instant task is to determine the proper distribution among creditors, particularly Chapter 11 professionals and other administrative creditors, in this bankruptcy case, filed under Chapter 11 on October 16, 1992; in which a plan was confirmed on August 5, 1993; but which was converted to a Chapter 7 case on February 4, 1994. For the most part, we sustain the principles articulated...

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