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IN RE VANGUARD DIVERSIFIED, INC.

Bankruptcy No. 883-31219-18.

31 B.R. 364 (1983)

In re VANGUARD DIVERSIFIED, INC., a/k/a Vanguard Business Furniture, Debtor.

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

June 28, 1983.

Attorney(s) appearing for the Case

Louis P. Rosenberg, Brooklyn, N.Y., Friend, Dorfman & Marks, New York City, for debtor.

Judge Joel Lewittes, Parker, Chapin, Flattau & Klimpl, Marcy Sharon Cohen, New York City, for Bank Leumi.

DECISION

C. ALBERT PARENTE, Bankruptcy Judge.

Debtor-in-possession, Vanguard Diversified, Inc., (hereinafter "Vanguard") seeks the court's approval of a certain proposed financing order, which provides inter alia for the cross-collateralization of its present and future indebtedness to Bank Leumi Trust Company of New York (hereinafter "Bank Leumi"). After a hearing on notice to Vanguard's twenty largest creditors, the court reserved decision.

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