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GENERAL50193
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GENERAL50193
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Last modified
8/24/2016 8:32:53 PM
Creation date
11/23/2007 5:46:08 PM
Metadata
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Template:
DRMS Permit Index
Permit No
M1977376
IBM Index Class Name
General Documents
Doc Name
NOTICE OF HEARING ON DEBTORS MOTION FOR AUTHORIZATION TO USE PROPERTY OF ESTATE OUTSIDE ORDINARY COU
Media Type
D
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perspective. The horizontal dimension test involves an industry- <br />wide perspective and "the test is whether the post-petition <br />transaction is of a type that other similar businesses would <br />engage in as ordinary business." The vertical dimension test <br />examines the debtor's pre-petition activities with post-petition <br />activities to analyze the debtor's history with respect to the <br />proposed activities. Generally, only extraordinary activities <br />which differ from those which may be expected to take place need <br />be brought to the attention of creditors and the court. <br />In the present case, the Debtor proposes to use its property <br />to employ an engineering firm, Remcor, Inc., to conduct a study <br />of several sites at which the Debtor may share some potential <br />liability for remediation costs. It is certain that other Steel <br />Companies (and large companies of every description) have <br />requested the same type of service. Furthermore, CF&I has <br />employed Remcor in the past, as set forth in the Motion, to <br />conduct a study of the Cherry Farm site. Thus, it is possible <br />that the proposed use of property is within the ordinary course <br />of business of the Debtor. <br />Even were the proposed use not within the ordinary course of <br />its business, the Debtor believes that it can make the requisite <br />showing that the proposed use of property should be allowed. <br />See In re James A. Phillips, Inc., 29 Bankr. 391 (S.D.N.Y. 1983) <br />(court decides that in certain instances where ordinary course is <br />difficult to interpret, safe course is to give notice). <br />3 <br />
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