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IN RE ECONOMIC ENTERPRISES, INC.

Bankruptcy No. 5-83-00664, Motion No. 5-84-0016-M.

44 B.R. 230 (1984)

In re ECONOMIC ENTERPRISES, INC., Debtor. MERCHANTS BANK & TRUST CO., Plaintiff, v. ECONOMIC ENTERPRISES, INC., Defendant. In re GALAXY ASSOCIATES, Debtor.

United States Bankruptcy Court, D. Connecticut.

November 21, 1984.

Attorney(s) appearing for the Case

Jules Lang, Lepofsky, Lepofsky & Lang, Norwalk, Conn., for Merchants' Bank & Trust Co.

Marsha Moses, Ronai & Moses, P.C., Milford, Conn., for Citytrust Co.

Ellery E. Plotkin, Slavitt, Connery & Vardamis, Norwalk, Conn., for debtor, Galaxy Associates.

MEMORANDUM AND ORDER

ALAN H.W. SHIFF, Bankruptcy Judge.

Merchants Bank & Trust Co. (MBT) brings this motion in two counts. First, for relief from the automatic stay under Code § 362(a) in order to commence foreclosure proceedings against property of Galaxy Associates (Galaxy), a debtor under Chapter 11, and second, to participate "parri passu" with the first mortgagee, Citytrust Company (Citytrust). The parties have agreed that this proceeding should...

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