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IN RE DARLING LUMBER, INC.

Bankruptcy No. 85-07695.

56 B.R. 669 (1986)

In re DARLING LUMBER, INC. Debtor.

United States Bankruptcy Court, E.D. Michigan, S.D.

January 15, 1986.

Attorney(s) appearing for the Case

Paul K. Hood, Owosso, Mich., for Old Kent Bank-Central.

George B. Rasch, Flint, Mich., Trustee.

Kenneth W. Kable, Saginaw, Mich., for petitioning creditors.

MEMORANDUM OPINION REGARDING MOTION OF OLD KENT BANK-CENTRAL FOR RELIEF FROM STAY

ARTHUR J. SPECTOR, Bankruptcy Judge.

FACTS

In March, 1977, Pacesetter Bank & Trust (now Old Kent Bank-Central) executed a security agreement with John and Vicki Keeling d/b/a Darling Lumber Co. whereby the bank took a security interest in presently owned and after-acquired accounts receivable, contract rights, chattel paper...

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