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In re Pelham Enters. Inc.

In re Pelham Enters. Inc.

Ruling
Over secured creditor not entitled to relief from stay to auction property.
Procedural posture

Debtor corporation filed a petition under chapter 7, and respondent trustee was appointed to administer the bankruptcy estate. Movant creditor filed a motion seeking relief from the automatic stay, pursuant to 11 U.S.C. § 362(d), the trustee filed an objection to the creditor's motion.

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Commercial opinion summary, case decided on October 15, 2007 , LexisNexis #1107-042