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IN RE GAIN ELECTRONICS CORP.

Bankruptcy No. 89-00002.

138 B.R. 464 (1992)

In re GAIN ELECTRONICS CORPORATION.

United States Bankruptcy Court, D. New Jersey.

March 27, 1992.

Attorney(s) appearing for the Case

Peter R. Sarasohn, Ravin, Sarasohn, Cook, Baumgarten, Fisch & Baime, Roseland, N.J., for First Fidelity Bank, N.A., North Jersey.

Warren J. Martin, Jr., Riker, Danzig, Scherer & Hyland, Morristown, N.J., for MDFC Equipment Leasing Corp.

OPINION

STEPHEN A. STRIPP, Bankruptcy Judge.

This is a preliminary ruling on the motion filed December 13, 1989 by First Fidelity Bank, N.A., North Jersey ("FFB") for an order compelling MDFC Equipment Leasing Corporation ("MDFC") to reimburse FFB under § 506(c) of title 11, United States Code ("Bankruptcy Code" or "Code") for costs of preserving MDFC's collateral.

It is unnecessary to repeat here the entire procedural history of the litigation...

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