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MATTER OF CENTURY BRASS PRODUCTS, INC.

Bankruptcy No. 2-85-00197, Motion No. 2-87-0250M.

97 B.R. 152 (1989)

In the Matter of CENTURY BRASS PRODUCTS, INC., Debtor. BANK OF BOSTON CONNECTICUT, Movant, v. CENTURY BRASS PRODUCTS, INC., Respondent.

United States Bankruptcy Court, D. Connecticut.

February 21, 1989.

Attorney(s) appearing for the Case

Francis G. Pennarola, Gager, Henry & Narkis, Danbury, Conn., for movant.

Robert A. White, Murtha, Cullina, Richter & Pinney, Hartford, Conn., for debtor.

Thomas Weber, Weil, Gotshal & Manges, New York City, for General Elec. Capital Corp., creditor.

MEMORANDUM OF DECISION ON MOTION OF BANK OF BOSTON CONNECTICUT FOR RELIEF FROM AUTOMATIC STAY

ROBERT L. KRECHEVSKY, Chief Judge.

I.

The principal issue presented in this proceeding is the right of a bank, two and one-half years after the filing of a bankruptcy petition (petition), to select against which of two pre-petition obligations of the debtor the bank may set off funds on deposit in the debtor's bank accounts on the petition date. A further...

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