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IN RE WINTERLAND

Bankruptcy No. 87-71831.

101 B.R. 547 (1988)

In re Terry L. WINTERLAND, Judith D. Winterland, Debtors.

United States Bankruptcy Court, C.D. Illinois.

March 29, 1988.

Attorney(s) appearing for the Case

Mark T. Dunn, Bloomington, Ill., for debtor.

Tim Swaim, Peoria, Ill., Marilyn E. Anderson, Washington, D.C., for FDIC.

William F. Costigan, Bloomington, Ill., for creditors.

Robert L. Sullivan, Bloomington, Ill., trustee.

OPINION

LARRY L. LESSEN, Chief Judge.

The issue before the Court is whether the automatic stay of 11 U.S.C. Sec. 362 should be lifted so that the Federal Deposit Insurance Corporation ("FDIC") may proceed against the Debtor and other Defendants in a lawsuit pending in the Federal District Court.

The Debtor, Terry Winterland, served as a member of the Board of Directors of the First National Bank of Danvers ("Bank") from January 10, 1978, to June...

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