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IN RE OPELIKA MFG. CORP.

Bankruptcy Nos. 85 B 6582, 85 B 6583.

66 B.R. 444 (1986)

In re OPELIKA MANUFACTURING CORPORATION and Sew Simple Systems, Inc., Debtors.

United States Bankruptcy Court, N.D. Illinois, E.D.

October 16, 1986.

Attorney(s) appearing for the Case

Benjamin Schwartz, Altheimer & Gray, Chicago, Ill., for debtor.

Joseph Gavin, First Nat. Bank of Chicago, Chicago, Ill., for First Nat. Bank.

Richard Mason, Levit & Mason, Ltd., Chicago, Ill., for Unsecured Creditors Committee.

MEMORANDUM OPINION

ROBERT L. EISEN, Chief Judge.

This matter is before the Court on the motion of the First National Bank of Chicago ("FNB") for relief from the automatic stay to hold a public sale of stock pledged to FNB by Opelika Manufacturing Corporation ("Opelika"). Opelika opposes the motion and the Official Creditors' Committee of Opelika (the "Committee") supports the motion in part and opposes it in part. The Court held hearings on the motion on...

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