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MATTER OF HOWARD'S APPLIANCE CORP.

Bankruptcy No. 886-61498-20.

69 B.R. 1015 (1987)

In the Matter of HOWARD'S APPLIANCE CORP., Debtor.

United States Bankruptcy Court, E.D. New York.

February 26, 1987.

Attorney(s) appearing for the Case

Philip Irwin Aaron, P.C., Jericho, N.Y., for debtor-in-possession.

Kane, Kessler, Projansky, Preiss & Nurnberg, P.C., New York City, for Sanyo Elec., Inc.

DECISION

MARVIN A. HOLLAND, Bankruptcy Judge:

In this proceeding, Sanyo Electric Co., Inc. (hereinafter referred to as "Sanyo") seeks an order modifying the automatic stay to enable it to foreclose on certain of the debtor's inventory in which Sanyo alleges a security interest or an order directing the debtor to provide adequate protection to Sanyo as a condition for the use and sale by the debtor of the collateral. Sanyo contends that it is a secured creditor...

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