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MATTER OF QPL COMPONENTS, INC.

No. 882-80161-17, Adv. No. 882-0060-17.

20 B.R. 342 (1982)

In the Matter of QPL COMPONENTS, INC., Debtor. GENERAL ELECTRIC CREDIT CORPORATION, Plaintiff, v. QPL COMPONENTS, INC., Defendant.

United States Bankruptcy Court, E.D. New York.

May 3, 1982.

Attorney(s) appearing for the Case

Schwartz & Sachs, P.C. by Abel Jack Schwartz, Carle Place, N.Y., for debtor/defendant.

Munley, Meade, Burns & Nielsen, P.C. by James G. Meade, Great Neck, N.Y., Raff, Scheider & Wiener, P.C. by Roy E. Scheider, Newark, N.J., for creditor/plaintiff.

Jules V. Speciner, Great Neck, N.Y., for Trustee.

DECISION & ORDER

BORIS RADOYEVICH, Bankruptcy Judge.

Upon complaint filed January 28, 1982 the plaintiff secured creditor, General Electric Credit Corporation seeks judgment lifting the automatic stay imposed by 11 U.S.C. § 362, and directing the debtor, QPL Components, Inc., to segregate and turn over to General Electric Credit Corporation all inventory and proceeds of inventory which was the subject property of a security agreement executed between...

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