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IN RE KENNY KAR LEASING, INC.

Bankruptcy No. 80-06281-RO.

5 B.R. 304 (1980)

In re KENNY KAR LEASING, INC.

United States Bankruptcy Court, C.D. California.

July 23, 1980.

Attorney(s) appearing for the Case

Marc A. Levinson, Richard M. Pachulski, Sidley & Austin, Los Angeles, Cal., for Crocker Nat. Bank.

Stephen A. White, Downs, Oberg & White, La Verne, Cal., for debtor Kenny Kar Leasing Co.

James T. Eichstaedt, U.S. Trustee; Joseph C. Karol, Asst. U.S. Trustee, Los Angeles, Cal.

MEMORANDUM OPINION IN RE MOTIONS TO USE CASH COLLATERAL AND FOR ADEQUATE PROTECTION

ROBERT L. ORDIN, Bankruptcy Judge.

On July 1, 1980, Kenny Kar Leasing (hereinafter referred to as "Kenny"), filed a proceeding under Chapter 11 (11 U.S.C. § 1101 et seq.). Kenny is engaged in leasing motor vehicles; it acquires vehicles by purchase and leases these vehicles to members of the public. Its business operation is financed by arrangements with two banks —...

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