IN RE SUNSHINE BOOKS, LTD.

Bankruptcy No. 84-00325G.

41 B.R. 712 (1984)

In re SUNSHINE BOOKS, LTD., Debtor.

United States Bankruptcy Court, E.D. Pennsylvania.

August 7, 1984.


Attorney(s) appearing for the Case

Louis B. Kupperman, Dilworth, Paxson, Kalish & Kauffman, Philadelphia, Pa., for debtor, Sunshine Books, Ltd.

Joseph A. Dworetzky, Drinker, Biddle & Reath, Philadelphia, Pa., for Philadelphia Saving Fund Soc.

Nancy V. Alquist, Mary F. Walrath, Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., for Prentice-Hall, Inc.

Robert L. Archie, Jr., Atkinson, Myers, Archie & Wallace, Philadelphia, Pa., for John Dodson.


OPINION

EMIL F. GOLDHABER, Chief Judge:

In resolving two motions for relief from the automatic stay, the predominant issue arising under one motion is whether a bank which lent the debtor funds in conjunction with a security agreement containing a future advance clause is secured on indebtedness subsequently arising from the debtor's overdraft of its checking account in a collapsing check kiting scheme. The issue under the other motion is simply whether...

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