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IN RE SAUNDERS

Bankruptcy No. 89-04090-A.

101 B.R. 303 (1989)

In re James C. SAUNDERS & Patricia A. Saunders, Debtors.

United States Bankruptcy Court, N.D. Florida, Pensacola Division.

May 15, 1989.

Attorney(s) appearing for the Case

Philip A. Bates, Pensacola, Fla., for Professional Sav. Bank.

John E. Venn, Jr., Gulf Breeze, Fla., for debtors.

M. Alan Rhodey, Ft. Walton Beach, Fla., Trustee.

MEMORANDUM OPINION

LEWIS M. KILLIAN, Jr., Bankruptcy Judge.

THIS MATTER is before the Court on the motion of Professional Savings Bank (Professional) for relief from the automatic stay of 11 U.S.C. § 362(a) to enable it to continue an action in state court against a non-debtor third party to recover assets allegedly transferred in fraud of creditors. A preliminary hearing was conducted on the motion by telephone conference on April 17, 1989, and the...

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