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MATTER OF LITTLE CREEK DEVELOPMENT CO.

No. 85-1615.

779 F.2d 1068 (1986)

In the Matter of LITTLE CREEK DEVELOPMENT COMPANY, Debtor. LITTLE CREEK DEVELOPMENT CO., Plaintiff-Appellant, v. COMMONWEALTH MORTGAGE CORP., Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

January 3, 1986.

Attorney(s) appearing for the Case

Adams, Meier, Addison & Assoc., John T. Lynch, IV, David L. Whaley, Peter H. Fulton, Hurst, Tex., for plaintiff-appellant.

Locke, Purnell, Boren, Laney & Neely, David Blanke, Larry M. Lesh, Dallas, Tex., for defendant-appellee.

Before POLITZ, HIGGINBOTHAM and JONES, Circuit Judges.

EDITH HOLLAN JONES, Circuit Judge.

The debtor, Little Creek Development Company (Little Creek), appeals from an order of the bankruptcy court lifting the automatic stay so that the secured creditor, Commonwealth Mortgage Corporation (Commonwealth), could foreclose on Little Creek's single asset, two parcels of undeveloped real estate. The principal issue on appeal is whether the bankruptcy court was clearly erroneous in finding that "cause" to lift the stay pursuant...

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