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IN RE SCHEIDMANTEL OLDS-CADILLAC, INC.

Bankruptcy No. 92-01270 JKF, Motion No. RJT-1.

144 B.R. 296 (1992)

In re SCHEIDMANTEL OLDS-CADILLAC, INC., Debtor(s). CENTURY NATIONAL BANK, Movant(s), v. SCHEIDMANTEL OLDS-CADILLAC, INC., The Auto Body Works, Auto Trim Design-PGH, Car Cleen Systems, Inc., DCL Auto Painting, The News, Tire Center U.S.A. of Beaver Falls, Respondent(s).

United States Bankruptcy Court, W.D. Pennsylvania.

September 15, 1992.

Attorney(s) appearing for the Case

Stanley G. Makoroff, Pittsburgh, Pa., for debtor.

Robert J. Taylor, Ambridge, Pa., for Century Nat. Bank.

J. Philip Colavincenzo, Beaver, Pa., for respondents.

Donald R. Calaiaro, Pittsburgh, Pa., for Friend Motors.

MEMORANDUM OPINION

JUDITH K. FITZGERALD, Bankruptcy Judge.

Before the court is the motion of Century National Bank (hereafter "Century") to authorize payment to it from the proceeds of a sale. The essential facts are not disputed and are detailed in Century's brief in support of its motion.

Scheidmantel Olds-Cadillac, Inc., (hereafter "Debtor") is the successor of Cory Olds-Cadillac, an automobile dealer. Century is Debtor's secured creditor pursuant...

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