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IN RE ASHING CORP.

Bank. No. 12-11564-CSS. Adv. No. 13-50530-CSS. Civ. No. 14-1415-SLR.

552 B.R. 80 (2015)

IN RE: ASHING CORPORATION, et al., Debtors. Mark Gendregske, et al, Appellants, v. Black Diamond Commercial Finance LLC, et al., Appellees.

United States District Court, D. Delaware.

Signed September 29, 2015.

Attorney(s) appearing for the Case

Jeffery W. Cavender , Ezra H. Cohen , Michael E. Johnson , Jeffrey W. Kelley , Carolyn Peterson Richter , Troutman Sanders LLP, Atlanta, GA, Christopher M. Samis , Whiteford Taylor & Preston LLC, Robert Charles Maddox , Brendan Joseph Schlauch , Robert J. Steam Jr. , Mark D. Collins , Marisa A. Terranova , Richards, Layton & Finger, P.A., Wilmington, DE, Stephen R. Woods , Ogletree Deakins Nash Smoak & Stewart PC, Greenville, SC, for Debtors.

Derek C. Abbott , Erin R. Fay , Morris, Nichols, Arsht & Tunnell LLP, William Mark Alleman, Jr. , Benesch Friedlander Coplan & Aronoff, Wilmington, DE, for Appellants.

Adam G. Landis , Kerri King Mumford , Landis Rath & Cobb LLP, Wilmington, DE, for Appellees.

MEMORANDUM

SUE L. ROBINSON

At Wilmington this 29th day of September, 2015, having reviewed the appeal from the bankruptcy court's October 6, 2014 order ("the Order", D.I. 18, ex. J), and the opposition thereto; I will affirm the Order and deny the appeal, based on the following reasoning.

1. Background. Debtors ASHING Corporation f/k/a Allied Systems Holdings, Inc. ("Allied"), Allied Systems, Ltd., and...

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