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IN RE SANCHEZ

Bankruptcy No. B-86-02297(ESL).

75 B.R. 425 (1987)

In re Lucia Sanchez SANCHEZ, Debtor. COOPERATIVA DE AHORRO Y CREDITO DEL VALENCIANO, Plaintiff/Movant, v. Lucia Sanchez SANCHEZ and Juan Colon Gil De Rubio, Trustee, Defendant/Respondent.

United States Bankruptcy Court, D. Puerto Rico.

June 9, 1987.

Attorney(s) appearing for the Case

Julio Vazquez Muñoz, Caguas, P.R., for debtor.

Carlos J. Coll, Juncos, P.R., for plaintiff/movant.

Jose Colon Gil de Rubio, Santurce, P.R., trustee.

OPINION AND ORDER

ENRIQUE S. LAMOUTTE, Chief Judge.

This matter is before the Court on the motion to lift stay filed by Cooperativa de Ahorro y Credito del Valenciano (Cooperativa) praying the Court to authorize the setoff of shares owned by the debtors and allegedly given as security for a loan. The debtor has opposed the motion on the grounds that section 553 of the Bankruptcy Code is not applicable to the instant case and thus the monies belong to the...

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