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IN RE ATLAS TECHNOLOGIES, INC.

No. CV 87-2991.

78 B.R. 394 (1987)

In re ATLAS TECHNOLOGIES, INC., Debtor.

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

October 7, 1987.

Attorney(s) appearing for the Case

Joseph H. Levie, Rogers & Wells, New York City, for appellant.

Alan N. Resnick, Berkman, Henoch, Peterson, Kadin & Peddy, Garden City, N.Y., for appellee.

MEMORANDUM AND ORDER

GLASSER, District Judge:

Citicorp Industrial Credit, Inc. ("Citicorp") appeals from an order of Bankruptcy Judge Robert J. Hall filed August 14, 1987, granting the application of debtor in possession Atlas Technologies, Inc. ("Atlas") to use cash collateral consisting of accounts receivable and their proceeds in the ordinary course of Atlas's business ("the August 14th order"). Citicorp, a creditor of Atlas claiming a perfected security...

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