IN RE SFW, INC.

Bankruptcy No. 87-06429-H12.

83 B.R. 27 (1988)

In re SFW, INC., d/b/a Seafarms West, Debtor.

United States Bankruptcy Court, S.D. California.

February 8, 1988.


Attorney(s) appearing for the Case

George P. Mills, San Diego, Cal., for debtor.

Richard A. Solomon, Saxon, Alt, Brewer & Kincannon, La Jolla, Cal., for movant.


MEMORANDUM DECISION

JOHN J. HARGROVE, Bankruptcy Judge.

I.

At issue is whether loans extended by La Jolla Bank and Trust Company ("the Bank") to SFW, Inc., doing business as Seafarms West ("the debtor") for the business operations of the debtor, may be classified as "consumer loans" for the purpose of invoking the co-debtor automatic stay provision of 11 U.S.C. § 1201.

The Bank contends that loans for business purposes are clearly...

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