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IN RE HOWARDS APPLIANCE CORP.

No. CV 87-0854.

91 B.R. 204 (1988)

In re HOWARDS APPLIANCE CORP.

United States District Court, E.D. New York.

September 23, 1988.

Attorney(s) appearing for the Case

Philip Irwin Aaron, P.C. by Philip Irwin Aaron, Jericho, N.Y., for debtor.

Kane, Kessler, Proujansky, Pries & Nurnberg, P.C. by Jeffrey A. Oppenheim, New York City, for creditor Sanyo Elec., Inc.

Herzfeld & Rubin, P.C. by Leonard M. Polisar, New York City, for Unsecured Creditors' Committee.

MEMORANDUM AND ORDER

WEXLER, District Judge.

On August 6, 1986, Appellant/Debtor Howards Appliance Corporation ("Howards") filed a voluntary Chapter 11 petition with the United States Bankruptcy Court for the Eastern District of New York. On August 14, 1986, Appellee/Creditor Sanyo Electric Co., Inc. ("Sanyo") moved for relief from the automatic stay to enable it to foreclose on certain of Howards' inventory in which Sanyo alleged a security interest. Sanyo...

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