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IN RE BEST PRODUCTS CO.

No. 92 Civ. 3619 (JES).

149 B.R. 346 (1992)

In re BEST PRODUCTS CO., et al., Debtors. IBM CREDIT CORP., Appellant, v. BEST PRODUCTS CO., et al., Appellees, and The Official Committee of Unsecured Creditors of Best Products Co., Inc., et al., Intervenors-Appellees.

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

December 30, 1992.

Attorney(s) appearing for the Case

Luskin & Stern, New York City (Michael Luskin, Lori Lapin Jones, of counsel), for appellant.

Weil, Gotshal & Manges, New York City (Lori R. Fife, Kevin W. Barrett, of counsel), for debtors-appellees.

Strook & Strook & Lavan, New York City (David H. Botler, of counsel), for intervenors-appellees—The Official Committee of Unsecured Creditors of Best Products Co.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge.

This is a bankruptcy appeal in which appellant IBM Credit Corp. ("IBM Credit") seeks reversal of an order of Chief Judge Lifland of the United States Bankruptcy Court, In re Best Products Co., 138 B.R. 155 (Bankr.S.D.N.Y.1992), denying IBM Credit's motion for adequate protection under 11 U.S.C. § 363(e). For the reasons that follow, the decision of the bankruptcy...

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