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IN RE VERMONT KNITTING CO., INC.

Bankruptcy No. 87-274.

98 B.R. 184 (1989)

In re VERMONT KNITTING COMPANY, INC., Debtor.

United States Bankruptcy Court, D. Vermont.

Amended March 29, 1989.

Decided March 30, 1989.

Attorney(s) appearing for the Case

R. Broderick, Tepper and Dardeck, Ludlow, Vt., for movant, Universal Knitting Corp. (Universal).

G. Gebauer, Saxer, Anderson, Wolinsky and Sunshine, Burlington, Vt., for trustee, D. Wolinsky (trustee).

K. Scarborough, Montpelier, Vt., for U.S. Small Business Admin. (SBA).

MEMORANDUM DECISION ON MOTION FOR RELIEF FROM STAY TO PURSUE REPLEVIN ACTION

FRANCIS G. CONRAD, Bankruptcy Judge.

Universal moves under 11 U.S.C. § 362(d) for relief to pursue a State Court replevin action against computerized knitting machines in the possession of the trustee. The trustee objects, and asserts Universal was unperfected. We deny the motion because we find Universal is unperfected and unsecured, and therefore, is not entitled to relief...

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