IN RE PHOTO PROMOTION ASSOCIATES, INC.

Bankruptcy No. 84 B 20417.

45 B.R. 878 (1985)

In re PHOTO PROMOTION ASSOCIATES, INC., Debtor.

United States District Court, S.D. New York.

January 10, 1985.


Attorney(s) appearing for the Case

Orseck, Orseck & Greenberg, Liberty, N.Y., for debtor.

Levin, Weintraub & Crames, New York City, for Zayre Corp.; Richard L. Koral, New York City, of counsel.


DECISION ON ORDER TO SHOW CAUSE

HOWARD SCHWARTZBERG, District Judge.

What a difference a day makes, laments Zayre Corp., as a creditor of the debtor, Photo Promotion Associates, Inc., because Photo Promotion failed to comply strictly with a post-petition stipulation agreement pursuant to which Photo Promotion was obligated to pay weekly license charges of approximately $25,000 per week, payable by certified check at Zayre's headquarters in Massachusetts...

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