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IN RE P.W.L. INVESTMENTS

Bankruptcy No. 5-86-01930-A.

92 B.R. 680 (1987)

In re P.W.L. INVESTMENTS, Debtor. CHASE LEASING CO. LTD., Plaintiff, v. P.W.L. INVESTMENTS, Defendant.

United States Bankruptcy Court, W.D. Texas, San Antonio Division.

April 10, 1987.

Attorney(s) appearing for the Case

Dean W. Greer, Law Offices of Bruce Waitz, P.C., San Antonio, Tex., for debtor.

Ronald B. King, Foster, Lewis, Langley, Gardner & Banack, Inc., San Antonio, Tex., for Chase Leasing Co. Ltd.

MEMORANDUM OPINION

R. GLEN AYERS, Jr., Chief Judge.

This case comes before this Court on a Motion For Relief From Stay filed by Chase Leasing Co. Ltd. (hereafter referred to as Chase Leasing). The issue presented is whether the agreement signed by Chase Leasing and the Debtor, P.W.L. Investments, is a "true lease" or a security interest evidencing a disguised sale.

P.W.L. Investments is in the retail and wholesale liquor sales business. It decided...

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