MATTER OF GEORGIA STEEL, INC.

Bankruptcy No. 81-50966, Adv. No. 81-5199.

25 B.R. 781 (1982)

In the Matter of GEORGIA STEEL, INC., Debtor. AMERON PROTECTIVE COATINGS DIVISION, Plaintiff, v. GEORGIA STEEL, INC. and Central Bank of Georgia, Defendants.

United States Bankruptcy Court, M.D. Georgia, Macon Division.

September 10, 1982.


Attorney(s) appearing for the Case

Jerome L. Kaplan, Ward Stone, Jr., B. Michael Byrd, Kaplan & Thomason, P.A., Macon, Ga., for debtor in possession.

Paul W. Bonapfel, Cotton, White & Palmer, P.A., Atlanta, Ga., for Ameron Protective Coatings Division.

G. McGregor Jordan, Jr., Harris, Watkins, Davis & Chambless, Macon, Ga., for Central Bank of Georgia.


MEMORANDUM OPINION ON COMPLAINT FOR RELIEF FROM STAY

ROBERT F. HERSHNER, Jr., Bankruptcy Judge.

FACTUAL BACKGROUND

The majority of the facts in this case were stipulated by the parties. On or about April 14, 1981, Ameron Protective Coatings Division (Ameron) obtained a judgment against Georgia Steel, Inc. (Georgia Steel) in the State Court of Bibb County, Georgia. The judgment, including interest and costs, was in the amount of $7,749.39. Pursuant...

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