DUGGAN v. HIGHLAND-FIRST AVE. CORP.

Adv. No. LA 82-428720-RO.

25 B.R. 955 (1982)

Daniel L. DUGGAN, as Trustee; and William G. Davies and Phyllis J. Davies, as Individuals; Phillip C. Armstrong, and Jeannette B. Armstrong, as Trustee of the Armstrong Family Trust, Plaintiffs, v. HIGHLAND-FIRST AVENUE CORPORATION and Creative Investments, Inc., Defendants.

United States Bankruptcy Court, C.D. California.

December 23, 1982.


Attorney(s) appearing for the Case

Allan D. NewDelman, Sternberg, Sternberg, Rubin & Schleier, Phoenix, Ariz., for Highland-First Avenue Corp.

Anthony Castanares, Stutman, Treister & Glatt, Los Angeles, Cal., for Daniel L. Duggan, et al.

Paul M. Van Arsdell, Jr., Latham & Watkins, Los Angeles, Cal., for Creative Investments Associates, Inc.

Edward M. Wolkowitz, Robinson, Wolas & Diamant, Los Angeles, Cal., for Essay Investments, Inc.


MEMORANDUM OF OPINION ON REQUEST TO VACATE AUTOMATIC STAY

ROBERT L. ORDIN, Bankruptcy Judge.

On November 1, 1982, the debtor Highland-First Avenue Corporation, an Arizona corporation, filed its Ch. 11 petition in the bankruptcy court for the District of Arizona. The debtor corporation was formed approximately four days prior to filing the Ch. 11 case. Thereafter, on November 22, 1982, the plaintiffs filed a complaint in the bankruptcy court in the Central...

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