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IN RE U.S. REPEATING ARMS CO.

Bankruptcy No. 5-86-00036, Motion No. 5-86-0041-M.

67 B.R. 990 (1986)

In re U.S. REPEATING ARMS COMPANY, a/k/a Repeating Arms Company, Debtor. TIFCO, INC., Movant, v. U.S. REPEATING ARMS COMPANY, a/k/a Repeating Arms Company, Respondent.

United States Bankruptcy Court, D. Connecticut.

December 22, 1986.

Attorney(s) appearing for the Case

Barbara Hadley Katz, DiPietro, Kantrovitz & Brownstein, New Haven, Conn., for debtor.

James J. Tancredi, Day, Berry & Howard, Hartford, Conn., for movant.

Robert U. Sattin, Paula T. Yellman, Reid & Reige, Hartford, Conn., for Official Creditors' Committee.

Brian E. Kriger, Shea & Gould, New York City, N.Y., for Manufacturers Hanover Commercial Corp.

MEMORANDUM OF DECISION AND ORDER ON MOTION FOR RELIEF FROM AUTOMATIC STAY UNDER CODE SECTION 362(a)

ALAN H.W. SHIFF, Bankruptcy Judge.

Tifco, Inc. ("TIFCO"), an insurance premium finance company, has filed a motion seeking relief from the automatic stay provided by 11 U.S.C. § 362(a) in order to enforce its rights as a secured creditor pursuant to the Premium Finance Agreements it entered into with the debtor, U.S. Repeating Arms Company ("USRAC"). Specifically...

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