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IN RE 666 ASSOCIATES/STREETERVILLE UTILITY CO.

Bankruptcy Nos. 85 C 7884, 85 B 1684 and 85 B 1685.

65 B.R. 819 (1986)

In re 666 ASSOCIATES/STREETERVILLE UTILITY CO., INC. In the Matter of 666 ASSOCIATES, INC., Debtor, Streeterville Utility Co., Inc., Debtor.

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

September 8, 1986.

Attorney(s) appearing for the Case

Norman B. Newman, Lord, Bissell & Brook, Chicago, Ill., for debtor.

John O. Collen, Chapman and Cutler, Chicago, Ill., for Fuller Commercial Brokerage Co.

Milton L. Fisher, Beverley J. Klein, Mayer, Brown & Platt, Chicago, Ill., for Homestead Savings.

Keevan D. Morgan, Joy K. Fallon, Charles R. Watkins, Chicago, Ill., for Treasure Island Foods, Inc.

Marilyn Klawiter, Erens, Hallock and Miller, Chicago, Ill., for Morse/Diesel.

Harry Adelman, Howard L. Adelman, Adelman & Gettleman, Ltd., Bruce L. Wald, Tishler & Wald, Ltd., Larry M. Wolfson, Jenner & Block, Chester H. Foster, Rochelle S. Dyme, David J. Gottesman (Rosenthal and Schanfield, of counsel), Chicago, Ill., for other creditors.

MEMORANDUM OPINION AND ORDER

LEINENWEBER, District Judge.

This is an appeal from a final order of the Bankruptcy Court granting a secured creditor's motion to lift an automatic stay that had previously been entered.

The appellant, 666 Associates ("Debtor"), filed a petition for reorganization under Chapter 11 of the Bankruptcy Code ("Code"), 11 U.S.C. 101, et seq. The principal asset of the Debtor...

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