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IN RE PAUL PACK STEEL ERECTION, CO., INC.

Bankruptcy No. 90-11843.

126 B.R. 310 (1991)

In re PAUL PACK STEEL ERECTION, CO., INC., Debtor.

United States Bankruptcy Court, E.D. Tennessee, S.D.

April 23, 1991.

Attorney(s) appearing for the Case

George R. Arrants, Jr., Miller & Martin, Chattanooga, Tenn., for Unicon Const. Co.

Stephen R. Beckham, Weems & Beckham, Chattanooga, Tenn., for the Trustee in Bankruptcy, Kyle R. Weems.

MEMORANDUM

RALPH H. KELLEY, Chief Judge.

Unicon Construction Company has filed a motion to lift the automatic stay so that it can be allowed a set-off. 11 U.S.C.A. §§ 362(a)(7) & 553(a) (West 1979). Unicon subcontracted earth work, concrete work, and the erection of a metal building to Paul Pack Steel under three separate subcontracts. Each subcontract allowed Unicon to retain part of the purchase price to secure complete performance...

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