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IN RE HELIONETICS, INC.

Bankruptcy No. SA 86-04180 JR, Ref. No. M7-0022 JR.

70 B.R. 433 (1987)

In re HELIONETICS, INC., Debtor. DOWNEY SAVINGS & LOAN ASSOCIATION, Movant, v. HELIONETICS, INC., Respondent.

United States Bankruptcy Court, C.D. California.

February 23, 1987.

Attorney(s) appearing for the Case

David A. Gill and John J. Bingham, Jr. of Danning, Gill, Gould, Diamond & Spector, Los Angeles, Cal., for debtor and debtor-in-possession.

Lawrence A. Diamant and Elliott Lisnek, Robinson, Wolas & Diamant, Los Angeles, Cal., for Downey Savings & Loan Association.

Suzanne E. Marklin, Office of the U.S. Trustee, Santa Ana, Cal., appearing on behalf of the United States Trustee.

MEMORANDUM OPINION

JOHN E. RYAN, Bankruptcy Judge.

This motion was brought by Downey Savings & Loan Association ("Downey") for relief from the automatic stay or in the alternative adequate protection. I heard the matter on February 4, 1987. As discussed below, I denied Downey's motion.

STATEMENT OF FACTS

Debtor is a publicly traded corporation which designs, manufactures and markets electronic power conditioning systems for commercial...

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