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IN RE L & S INDUSTRIES, INC.

Bankruptcy No. 81 B 14558, Adv. No. 82 A 1620.

60 B.R. 937 (1986)

In re L & S INDUSTRIES, INC., an Illinois corporation, Debtor. Gary WILLIAMS, Plaintiff, v. L & S INDUSTRIES, INC., Defendant.

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

April 17, 1986.

Attorney(s) appearing for the Case

Ralph E. Brown, David M. Giangrossi, Mark E. Singer, Walsh, Case, Coale & Brown, Chicago, Ill., for plaintiff.

James W. Hathaway, James W. Hathaway & Associates, Chicago, Ill., for debtor/defendant.

MEMORANDUM OPINION ON CROSS MOTIONS FOR SUMMARY JUDGMENT

JACK B. SCHMETTERER, Bankruptcy Judge.

The Pleadings

Gary Williams ("plaintiff"), secured creditor of L & S Industries, Inc. ("debtor"), filed this Adversary Complaint to Modify the Automatic Stay so as to enforce a note and security agreement he held in debtor's assets.1 Debtor answered and pleaded with fourteen Affirmative Defenses and/or Counterclaims...

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