IN RE PHILADELPHIA CONSUMER DISCOUNT CO.

Bankruptcy No. 83-01854G, Adv. No. 83-1625G.

32 B.R. 322 (1983)

In re PHILADELPHIA CONSUMER DISCOUNT COMPANY, and Philadelphia Acceptance Corporation Jointly Administered, Debtors. COMMERCIAL CREDIT BUSINESS LOANS, INC., Plaintiff, v. PHILADELPHIA CONSUMER DISCOUNT COMPANY and Philadelphia Acceptance Corporation, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

August 16, 1983.


Attorney(s) appearing for the Case

Neal D. Colton, E. David Chanin, Dechert, Price & Rhoads, Philadelphia, Pa., for plaintiff, Commercial Credit Business Loans, Inc.

Joseph S.U. Bodoff, Pincus, Verlin, Hahn, Reich & Goldstein, Philadelphia, Pa., for defendants, Philadelphia Consumer Discount Company and Philadelphia Acceptance Corp.


OPINION

EMIL F. GOLDHABER, Bankruptcy Judge:

This opinion embraces two contested matters. One involves the issue of whether the debtors' application for authority to use cash collateral pursuant to section 363 of the Bankruptcy Code ("the Code") should be granted. The other, if said application is denied, requires us to determine whether the complaint of Commercial Credit Business Loans, Inc. ("CCBL") against the debtors for relief from the automatic stay...

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