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MATTER OF EXCALIBUR AUTO. CORP.

No. 87-2861.

859 F.2d 454 (1988)

In the Matter of EXCALIBUR AUTOMOBILE CORPORATION. EXCALIBUR AUTOMOBILE CORPORATION, Debtor-Appellant, v. Roosevelt V. ROBINSON, Respondent-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided September 26, 1988.

Attorney(s) appearing for the Case

Joseph C. Niebler, Niebler & Muren, S.C., Brookfield, Wis., for debtor-appellant.

James L. Fox, Abramson & Fox, Chicago, Ill., for respondent-appellee.

Before POSNER and COFFEY, Circuit Judges, and WILL, Senior District Judge.

COFFEY, Circuit Judge.

Excalibur Automobile Corporation, Debtor-Appellant, applied to the bankruptcy court for an order to compel Roosevelt V. Robinson to advance it up to $900,000 in "interim" financing and to obtain a $1.9 million irrevocable letter of credit pursuant to the terms of written agreements signed by the parties. Alternatively, Excalibur requested authority from the bankruptcy court to permit the company to negotiate financing with other third parties...

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