IN RE MASTERWORKS, INC.

Bankruptcy No. 5-88-00540, Motion No. 5-88-0176-M.

94 B.R. 262 (1988)

In re MASTERWORKS, INC., Debtor. RICH-TAUBMAN ASSOCIATES, Movant, v. MASTERWORKS, INC., Respondent.

United States Bankruptcy Court, District Connecticut.

November 14, 1988.


Attorney(s) appearing for the Case

Robert M. Dombroff, Walter E. Paulekas, Schatz & Schatz, Ribicoff & Kotkin, Hartford, Conn., for movant.

Byron P. Yost, Irve J. Goldman, Evans and Baldwin, P.C., Bridgeport, Conn., for respondent.


MEMORANDUM AND DECISION ON RELIEF FROM AUTOMATIC STAY UNDER CODE § 362(d)(1); § 365(c)(3)

ALAN H.W. SHIFF, Bankruptcy Judge.

Rich-Taubman Associates moves for relief from the automatic stay provided by Code § 362(a) to evict the debtor, Masterworks, Inc., from commercial space leased to Masterworks. Masterworks defends on the basis of its proposal to adequately protect Rich by curing a nonpayment of rent default and assuming the lease under...

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