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IN RE DEMAKES ENTERPRISES, INC.

Bankruptcy No. 91-12666-JNG.

145 B.R. 362 (1992)

In re DEMAKES ENTERPRISES, INC., Debtor.

United States Bankruptcy Court, D. Massachusetts.

June 22, 1992.

Attorney(s) appearing for the Case

Joan N. Feeney, Hanify & King, Boston, Mass., for debtor.

James M. Liston, Kaye, Fialkow, Richmond & Rothstein, Boston, Mass., for the FDIC (movant).

JAMES A. GOODMAN, Chief Judge.

I. PROCEDURAL BACKGROUND

Demakes Enterprises, Inc. ("Demakes" or "Debtor") filed a voluntary Chapter 11 petition on March 29, 1991. Since that date, Demakes has operated its meat products manufacturing and distribution business as a debtor-in-possession. On August 27, 1991, the FDIC filed a Motion for Relief from Stay, seeking to foreclose on its first and second mortgages on Demakes' plant in Lynn, Massachusetts, and to repossess...

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