IN RE MARCH

No. 92-1691.

995 F.2d 32 (1993)

In re Lloyd C. MARCH, Jr., Debtor. COASTAL VIRGINIA BANK, Plaintiff-Appellee, v. Lloyd C. MARCH, Jr., Defendant-Appellant. Unsecured Creditors Committee, Amicus Curiae.

United States Court of Appeals, Fourth Circuit.

Decided June 1, 1993.


Attorney(s) appearing for the Case

James Robert Sheeran, Marcus, Santoro & Kozak, Portsmouth, VA, argued (Frank J. Santoro, on brief), for defendant-appellant.

Brian K. Pearlstein, Leftwich, Moore & Douglas, Washington, DC, argued (Paul K. Campsen, John M. Paris, Jr., Ellen Charlotte Carlson, Kaufman & Canoles, Norfolk, VA, on brief), for plaintiff-appellee.

Joseph R. Mayes, Wolcott, Rivers, Wheary, Basnight & Kelly, P.C., Virginia Beach, VA, argued, for amicus curiae.

Before WIDENER, MURNAGHAN, and WILLIAMS, Circuit Judges.


OPINION

MURNAGHAN, Circuit Judge:

Lloyd March voluntarily filed for bankruptcy under Chapter 11 on November 12, 1991, and, at times relevant hereto, he was the debtor in possession. Coastal Virginia Bank and Sovran Bank, N.A., sought, and were denied by the bankruptcy court, relief from the automatic stay of 11 U.S.C. § 362(a). Only Coastal has appealed to the district court. The district court reversed the bankruptcy court and terminated the automatic...

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