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IN RE COMCOACH CORP.

No. 407, Docket 82-5027.

698 F.2d 571 (1983)

In re COMCOACH CORPORATION, Debtor-Appellee, The ROSLYN SAVINGS BANK, Plaintiff-Appellant, v. COMCOACH CORPORATION, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided January 13, 1983.

Attorney(s) appearing for the Case

Charles M. Schutzman, Wantagh, N.Y. (Schutzman & Schutzman, Wantagh, N.Y., on the brief), for plaintiff-appellant.

Leonard H. Rubin, Law Office of Choate, Moore, Hahn & McGarry, New York City, Andrew C. Gold, Dreyer & Traub, New York City, of counsel, filed a brief for defendant-appellee, debtor-appellee.

Before LUMBARD, CARDAMONE and PIERCE, Circuit Judges.

CARDAMONE, Circuit Judge:

Plaintiff Roslyn Savings Bank (Bank) seeks modification of the automatic stay occasioned by the filing of a bankruptcy petition by defendant-debtor Comcoach Corporation. The United States Bankruptcy Court (Lifland, J.) refused to modify the stay, and the United States District Court for the Southern District of New York (Lowe, J.) affirmed. We affirm.

I

In the spring of 1979 the Bank loaned Jon-Rac Associates a sum of money...

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