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IN RE OTTO FABRIC, INC.

Bankruptcy No. 85-40377, Adv. No. 85-0146.

55 B.R. 654 (1985)

In re OTTO FABRIC, INC., Debtor. CITY BANK AND TRUST COMPANY, Plaintiff, v. OTTO FABRIC, INC., A Corporation, Defendant.

United States Bankruptcy Court, D. Kansas.

December 13, 1985.

Attorney(s) appearing for the Case

Don W. Riley, Wichita, Kan., for City Bank and Trust Co.

David G. Arst, Wichita, Kan., for Otto Fabrics.

Carol A. Park, Wichita, Kan., Asst. U.S. Trustee.

MEMORANDUM

JAMES A. PUSATERI, Bankruptcy Judge.

This case is before the Court on the complaint of the City Bank and Trust Company, a creditor, seeking stay relief, abandonment and/or foreclosure of a security interest. The chapter 11 debtor, Otto Fabric, Inc., opposes the sought after relief and seeks to avoid any lien City Bank & Trust Co. (CBT) may have as a preference as provided by 11 U.S.C. § 547.<...

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