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IN RE WOODFIELD FURNITURE CLEARANCE CTR. OF SUFFOLK, INC.

Bankruptcy No. 089-90355-21.

102 B.R. 327 (1989)

In re WOODFIELD FURNITURE CLEARANCE CENTER OF SUFFOLK, INC., Debtor.

United States Bankruptcy Court, E.D. New York.

June 27, 1989.

Attorney(s) appearing for the Case

Nachamie, Hendler & Spizz, New York City by Barton Nachamie, for debtor.

Feltman, Karesh, Major & Farbman, New York City by Edward Weissman, and Jill Levi, for Chrysler First Wholesale.

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

In this voluntary Chapter 11 proceeding, Chrysler First Wholesale Credit, Inc. ("Chrysler") has moved by Order to Show Cause, pursuant to Section 362(d), for an order terminating the automatic stay imposed by Section 362 of the Bankruptcy Code. It asked for relief on the ground that its security interest in the assets of the debtor, Woodfield Furniture Clearance Center of Suffolk, Inc. ("Woodfield-Suffolk") lacks...

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