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IN RE BEST PRODUCTS CO., INC.

Bankruptcy Nos. 91 B 10048 (TLB) to 91 B 10053 (TLB).

138 B.R. 155 (1992)

In re BEST PRODUCTS CO., INC., et al., Debtors.

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

March 27, 1992.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges by Lori R. Fife, Kevin W. Barrett, New York City, for debtors.

Luskin & Stern by Michael Luskin, Lori Lapin Jones, New York City, for IBM Credit Corp.

Stroock & Stroock & Lavan by David Botter, New York City, for creditors committee.

MEMORANDUM DECISION ON MOTION OF IBM CREDIT CORPORATION FOR ADEQUATE PROTECTION

BURTON R. LIFLAND, Chief Judge.

This controversy involves the quest for a lump sum elevated priority adequate protection payment favoring a secured creditor pursuant to a motion brought substantially after the surrender and return of the collateral to the secured creditor.

BACKGROUND1

On January 4, 1991 (the "Petition Date"), Best...

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