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IN RE NASCO P.R., INC.

Bankruptcy No. B-89-03988(ESL), Adv. No. 89-0078.

117 B.R. 35 (1990)

In re NASCO P.R., INC., Debtors. NASCO P.R., INC., Plaintiff, v. CHEMICAL BANK, Defendant.

United States Bankruptcy Court, D. Puerto Rico.

March 16, 1990.

Attorney(s) appearing for the Case

Richard Lee, San Juan, Puerto Rico, for plaintiff.

Rafael Perez-Bachs, McConnell, Valdes, Kelley, Sifre, Griggs & Ruiz-Suria Law Offices, San Juan, Puerto Rico, for defendant.

OPINION AND ORDER

ENRIQUE S. LAMOUTTE, Chief Judge.

There are two matters pending before the Court. The motion for summary judgment filed by Chemical Bank ("Chemical") and the opposition thereto by debtor/plaintiff, and the request to lift stay filed by Chemical. The Court will only address at this time the request to lift the automatic stay provisions of 11 U.S.C. § 362(a).

Factual Setting

On September 27, 1989 Nasco filed...

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