I. SYNOPSIS OF CASE CARTER INDUSTRIALS, INC ( CARTER ) IS A MICHIGAN COR- PORATION ENGAGED IN THE BUSINESS OF PROCESSING AND SELLING SCRAP METALS. SINCE APPROX. 1971 CARTER OPERATED ITS BUSI- NESS AT AND NEAR 4690 HUMBOLT STREET IN DETROIT, MICHIGAN. CARTER'S SCRAPPING OPERATIONS INCLUDED THE SCRAPPING OF TRAN SFORMERS AND CAPACITORS LADEN WITH POLYCHLORINATED BIPHENYLS ( PCBS ). IN THE COURSE OF SCRAPPING OPERATIONS THE CARTER PROPERTY BECAME CONTAMINATED WITH PCBS. IN ADDITION, PCBS MIGRATED OR WERE TRACKED FROM THE CARTER PROPERTY INTO SUR- ROUNDING RESIDENTIAL AND COMMERCIAL AREAS. CARTER IS CURRENTLY IN BANKRUPTCY. AN INVOLUNTARY PE- TITION FOR BANKRUPTCY WAS FILED BY CARTER'S CREDITORS ON FEBRUARY 7, 1986. ON MARCH 13, 1986, AN ORDER FOR RELIEF WAS ENTERED TRANSFERRING THE CASE TO A VOLUNTARY BANKRUPTCY PURSUANT TO CHAPTER 7 OF THE UNITED STATES BANKRUPTCY CODE. THE BANKRUPTCY CASE IS CAPTIONED: IN RE CARTER INDUSTRIALS, INC., 4690 HUMBOLT STREET, DETROIT, MICHIGAN 48208. THE BANKRUPTCY CASE IS BEFORE JUDGE RHODES OF THE UNITED STATES BANKRUPTCY COURT, EASTERN DISTRICT OF MICHIGAN, SOUTHERN DIVISION. THE BANKRUPTCY CASE NUMBER IS 86-00494-R. FRED J. DERY, 801 W. BIG BEAVER, SUITE 570, TROY, MICHIGAN, HAS BEEN NAMED THE UNITED STATES TRUSTEE IN THIS MATTER. DUE TO CONDITIONS AT THE CARTER FACILITY, ON 6/6/86, THE REGIONAL ADMINISTRATOR OF USEPA