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GENERAL50192
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Last modified
8/24/2016 8:32:53 PM
Creation date
11/23/2007 5:45:41 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1977376
IBM Index Class Name
General Documents
Doc Date
5/9/1991
Doc Name
MEMORANDUM IN SUPPORT OF DEBTORS MOTION FOR AN ORDER DETERMINING CERTAIN RECLAMATION CLAIMS AND GRAN
Media Type
D
Archive
No
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Bankr. 1008, 1016 (Bankr. N.D. 111. 1989) (seller is allowed <br />administrative claim only to the extent necessary to compensate <br />seller for denial for right to reclaim); In re Coast Trading Co. <br />nc., 744 F.2d 686 (9th Cir. 1984) (seller with reclamation <br />rights is entitled to administrative claim when it is prevented <br />by court from exercising rights); In re Griffin Retreadina Co., <br />795 Bankr. 676 (8th Cir. 1986) (where debtor sold goods subject <br />to reclamation rights in the ordinary course of business, <br />reclamation claimant with rights in such goods awarded <br />administrative claim). <br />Furthermore, the wording and intent of section 546(cj gives <br />the bankruptcy court the discretion to refuse reclamation when <br />the goods to be reclaimed are essential to the operation of a <br />debtor's business; in such a case an administrative priority <br />claim is substituted properly for the reclamation of the goods. <br />In re Griffin Retreadina Co., 795 Bankr. 676 (8th Cir. 1986) <br />(reclamation may be denied where utilization of goods is <br />necessary to debtor's reorganization). <br />Finally, it is within the discretion of the Court to allow a <br />debtor to pay administrative claims arising under section 503(b) <br />of the Bankruptcy Code. <br />III. <br />claim in CFI Steel's case and in related cases. CFI Steel <br />believes that some of these proofs of claim reflect amounts which <br />17 <br />Several of the Reclamation Claimants have filed proofs of <br />
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