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MATTER OF LAFAYETTE DIAL, INC.

Bankruptcy No. 88-40259.

92 B.R. 798 (1988)

In the Matter of LAFAYETTE DIAL, INC., Debtor.

United States Bankruptcy Court, N.D. Indiana, Hammond Division.

October 28, 1988.

Attorney(s) appearing for the Case

Steven Hostetler, Mishawaka, Ind., for movant.

Douglas Grimes, Gary, Ind., for debtor.

MEMORANDUM DECISION

ROBERT E. GRANT, Bankruptcy Judge.

On June 7, 1988 debtor filed its petition for relief under Chapter 11 of the United States Bankruptcy Code. Among debtor's creditors is the Valley American Bank and Trust Company. This creditor holds a lien upon practically all debtor's assets, including accounts receivable, inventory, machinery and equipment.

On June 14, 1988, Valley American Bank filed...

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