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IN RE SIENA PUBLISHERS ASSOCIATES

Bankruptcy No. 92 B 20511.

149 B.R. 359 (1993)

In re SIENA PUBLISHERS ASSOCIATES, Debtor.

United States Bankruptcy Court, S.D. New York.

January 15, 1993.

Attorney(s) appearing for the Case

Scherling, Davidson & Rech, P.C., New York City, for Harris Trust and Sav. Bank.

Oxman Geiger Natale & Tulis, P.C., Hawthorne, for debtor.

Ballon, Stoll, Bader & Nadler, P.C., New York City, for Creditors Committee.

Norman M. Block, P.C., Hawthorne, for MSI Associates, L.P.

DECISION ON MOTION TO DISBURSE CASH COLLATERAL TO HARRIS TRUST AND SAVINGS BANK

HOWARD SCHWARTZBERG, Bankruptcy Judge.

Apart from certain factual questions, the legal issue to be resolved in this contested matter is whether a warehouseman's lien primes a pre-existing perfected security interest. Harris Trust and Savings Bank ("Bank") has applied to this court for an order directing that the net proceeds resulting from the liquidation of its security interest...

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