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IN RE BUD LONG CHEVROLET, INC.

Bankruptcy No. 7-83-00021 MA.

39 B.R. 499 (1984)

In re BUD LONG CHEVROLET, INC., Debtor.

United States Bankruptcy Court, D. New Mexico.

April 26, 1984.

Attorney(s) appearing for the Case

John C. Wheeler, Albuquerque, N.M., for debtor.

Walter L. Reardon, Jr., Albuquerque, N.M., trustee.

Gregory Griego, Albuquerque, N.M., for GMAC.

Terry D. Farmer, Albuquerque, N.M., for First National Bank of Belen.

MEMORANDUM OPINION

MARK B. McFEELEY, Bankruptcy Judge.

This matter came before the Court upon the motion of General Motors Acceptance Corporation (GMAC) and First National Bank of Belen (FNB) to lift the automatic stay. GMAC and FNB are both secured creditors of the debtor, Bud Long Chevrolet, and claim a security interest in the equipment and inventory of the debtor. By agreement of the parties the trustee has sold the collateral, and the claims of GMAC...

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