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MATTER OF GRAND VALLEY SPORT & MARINE, INC.

Bankruptcy No. 90-82664, Adv. No. 91-8530.

143 B.R. 840 (1992)

In the Matter of GRAND VALLEY SPORT & MARINE, INC., Debtor. GENERAL ELECTRIC CAPITAL CORPORATION, Plaintiff, v. James HOERNER, Trustee and ITT Commercial Finance Corporation, Defendants.

United States Bankruptcy Court, W.D. Michigan.

August 10, 1992.

Attorney(s) appearing for the Case

Thomas P. Sarb, Grand Rapids, Mich., for General Elec. Capital Corp.

Daniel R. Kubiak, Rockford, Mich., for ITT Commercial Finance Corp.

James B. Frakie and Thomas A. DeMeester, Grand Rapids, Mich., for trustee.

OPINION REGARDING MOTION FOR SUMMARY JUDGMENT

JAMES D. GREGG, Bankruptcy Judge.

I. ISSUES

This adversary proceeding requires the determination of four issues pertaining to the postpetition lending by a creditor to a debtor in possession. The lending occurred during the objection period established in an interim order which provided notice to interested parties of the proposed postpetition financing agreement. However, all loans were made prior...

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