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MATTER OF GULF BEACH DEVELOPMENT CORP.

Bankruptcy No. 84-1178.

48 B.R. 40 (1985)

In the Matter of GULF BEACH DEVELOPMENT CORP., Debtor.

United States Bankruptcy Court, M.D. Florida, Tampa Division.

February 4, 1985.

Attorney(s) appearing for the Case

Douglas Zahm, West Palm Beach, Fla., for movant.

Richard Prosser, Tampa, Fla., for debtor.

ORDER ON MOTION TO MODIFY STAY

ALEXANDER L. PASKAY, Chief Judge.

THIS IS a Chapter 11 case and the immediate matter under consideration is a Motion to Modify Stay filed by Union Chelsea National Bank (Bank) against Gulf Beach Development Corporation, the Debtor in the above-styled case. The Bank seeks the entry of an Order Modifying the Automatic Stay imposed by § 362 of the Bankruptcy Code, to permit the Bank to continue a foreclosure action which...

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