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IN RE PENNSYLVANIA FOOTWEAR CORP.

Bankruptcy No. 95-19785DAS, Adversary No. 96-0342DAS.

204 B.R. 165 (1997)

In re PENNSYLVANIA FOOTWEAR CORPORATION, Debtor. PENNSYLVANIA FOOTWEAR CORPORATION, Arthur P. Liebersohn, Trustee, Plaintiffs, v. MIDLANTIC BANK, N.A., Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

January 14, 1997.

Attorney(s) appearing for the Case

Mark S. Karpo, General Counsel, Philadelphia, PA, Emma L. Oh, Trial Counsel, Philadelphia, PA, for Debtor.

James W. Hennessey, West Conshohocken, PA, for Bank.

Arthur Liebersohn, Former Chapter 7 Trustee, Philadelphia, PA.

Frederic Baker, Ass't. U.S. Trustee, Philadelphia, PA.

OPINION

DAVID A. SCHOLL, Chief Judge.

A. INTRODUCTION

Presently before us in the instant bankruptcy case, recently converted from Chapter 7 to Chapter 11, is the disposition of an adversary proceeding ("the Proceeding") instituted by PENNSYLVANIA FOOTWEAR CORPORATION ("the Debtor") against MIDLANTIC BANK, N.A. ("the Bank") seeking monetary damages for breach of an alleged forbearance agreement which caused the Debtor's property, the...

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