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IN RE WESTCHESTER AVE. MARINA REALTY, INC.

Bankruptcy No. 90 B 20993.

124 B.R. 161 (1991)

In re WESTCHESTER AVENUE MARINA REALTY, INC., Debtor.

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

February 25, 1991.

Attorney(s) appearing for the Case

Wingate & Cullen, Jericho, N.Y., for Citibank, N.A.

Sidney Turner, P.C., White Plains, N.Y., for debtor.

DECISION ON MOTION FOR AN ORDER VACATING AUTOMATIC STAY

HOWARD SCHWARTZBERG, Bankruptcy Judge.

Citibank, N.A. ("Citibank"), a senior lien creditor, seeks relief from the automatic stay pursuant to 11 U.S.C. § 362(d). The debtor owns and operates a marina in Port Chester, New York on the Byram River. The marina ran into financial difficulties as a result of the erection of a new building on its premises which, pursuant to a state court order, must be...

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