No. 02-B 49672United States Bankruptcy Court, N.D. Illinois, Eastern Division.
January 14, 2003
INTERIM ORDER AUTHORIZING THE HOLDING COMPANY DEBTORS TO CONTINUE THEIR CURRENT PROGRAMS AND KEY EMPLOYEE RETENTION PROGRAMS
CAROL A. DOYLE, United States Bankruptcy Judge
Upon the motion (the “Motion”)[2] of the Holding Company Debtors seeking entry of an order, pursuant to sections 105(a) and 363(b)(1) of title 11 of the United States Code (the “Bankruptcy Code”), authorizing the Holding Company Debtors to continue their current program and key employee retention programs on the terms described in the Motion; and it appearing that this Court has jurisdiction over this matter pursuant to 28 U.S.C. § 157 and 1334; and it appearing that the relief requested is in the best interests of the Debtors’ estates, their creditors and other parties in interest; and it appearing that this proceeding is a core proceeding pursuant to 28 U.S.C. § 158(a); and due and proper notice of the Motion and of the hearing of the Motion having been given under the particular circumstances and after due deliberation and cause appearing therefore; it is hereby
ORDERED that the motion is granted on an interim basis; and ii is further
ORDERED that the Holding Company Debtors are authorized, but not required. to continue their Current Programs and the Key Employee Retention Program, as previously implemented, and to take all actions necessary to continue such programs; and it is further
ORDERED that the final hearing on the Motion is set for January 29, 2003 at 11:00 am. central standard time; and it is further
ORDERED that this Court shall retain jurisdiction over all matters arising out of the Motion.