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IN RE CRADDOCK-TERRY SHOE CORP.

Bankruptcy No. 687-01155, Motion No. 687-01155(3).

98 B.R. 250 (1988)

In re CRADDOCK-TERRY SHOE CORPORATION, dba Hill Brothers, Bona Fide Shoe Factory Outlet, Massey Shoes, Country Cobbler, Herold's Shoes, The Shoe Room, Comfort Unlimited and Perfect Pair, Debtor. LINCOLN NATIONAL LIFE INSURANCE COMPANY and Westinghouse Credit Corporation, Plaintiffs, v. CRADDOCK-TERRY SHOE CORPORATION, Defendant.

United States Bankruptcy Court, W.D. Virginia, Lynchburg Division.

May 26, 1988.

Attorney(s) appearing for the Case

J. Leyburn Mosby, Jr., Local Counsel, Lynchburg, Va., Antoinette C. Emery, for Lincoln Nat.

Ernest K. Geisler, Jr., Richmond, Va., for Westinghouse.

Michie, Hamlett, Donato & Lowry, Local Counsel, Charlottesville, Va., Alan Kolod, New York City, for debtor.

George H. Fralin, Jr., Local Counsel, Lynchburg, Va., for Creditors' Committee.

M. Caldwell Butler, Roanoke, Va., for First Nat. Bank of Chicago.

A. Carter Magee, Jr., for Glenfed Financial Corp.

MEMORANDUM OPINION

WILLIAM E. ANDERSON, Bankruptcy Judge.

The plaintiffs, Lincoln National Life Insurance Company ("Lincoln") and Westinghouse Credit Corporation ("Westinghouse"), have moved the Court to lift the automatic stay imposed by section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a), or in the alternative, to provide Lincoln and Westinghouse adequate protection for certain collateral in which they have a security interest. The collateral...

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