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IN RE CAROLINA UTILITIES SUPPLY CO., INC.

Bankruptcy No. 90-00677.

118 B.R. 412 (1990)

In re CAROLINA UTILITIES SUPPLY COMPANY, INC., Debtor.

United States Bankruptcy Court, D. South Carolina.

April 13, 1990.

Attorney(s) appearing for the Case

Tony R. Megna, Columbia, S.C., for debtor.

First Factors Corp., Sherwood M. Cleveland, Columbia, S.C., for creditor.

ORDER

WILLIAM THURMOND BISHOP, Bankruptcy Judge.

Before the court is the debtor's motion to use cash collateral pursuant to 11 U.S.C. § 363.1 First Factors Corporation ("First Factors" or "the Bank") objects and contends that the financing arrangement between First Factors and the debtor under their "Factoring Contract and Security Agreement" was a factoring agreement ("sale") as to specific accounts or invoices rather than...

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