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CONTEMPORARY MORTG. v. HIGH PEAKS BASE CAMP

No. 93-CV-98.

156 B.R. 890 (1993)

CONTEMPORARY MORTGAGE BANKERS, INC., Appellant, v. HIGH PEAKS BASE CAMP, INC., Appellee.

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

July 16, 1993.

Attorney(s) appearing for the Case

Office of Abel Jack Schwartz, Garden City, NY, for appellant; Abel Jack Schwartz, of counsel.

Hodgson, Russ, Andrews, Woods & Goodyear, Albany, NY, for appellee; Deborah L. Kelly, of counsel.

MEMORANDUM-DECISION AND ORDER

McCURN, Senior District Judge.

INTRODUCTION

Appellant/creditor Contemporary Mortgage Bankers, Inc. ("CMBI") appeals from the November 6, 1992, order of the Bankruptcy Court (Mahoney, B.J.) that denied its motion to lift the automatic stay pursuant to 11 U.S.C. § 362(d)(1).1 CMBI sought to lift the automatic stay so that it could proceed with a foreclosure action against appellee...

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