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IN RE LEASE-A-FLEET, INC.

Bankruptcy No. 91-12996S, Adv. No. 92-1269S.

152 B.R. 431 (1993)

In re LEASE-A-FLEET, INC., Debtor. LEASE-A-FLEET, INC., Plaintiff, v. UNIVERSITY CADILLAC, INC., Morse Operations, Inc. and Meridian Bank, N.A., Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

March 2, 1993.

Attorney(s) appearing for the Case

Michael R. Needle, Needle & Feldman, Philadelphia, PA, Sp. Counsel for plaintiff-debtor.

Patrick J. Stapleton, Rawle & Henderson, Philadelphia, PA, General Counsel for debtor.

Karen Lee Turner, Dilworth, Paxson, Kalish & Kauffman, Philadelphia, PA, for defendants University Cadillac, Inc. and Morse Operations, Inc.

Robert D. Sayre, Patterson & Weir, Philadelphia, PA, for Meridian Bank, N.A.

Frederic Baker, Asst. U.S. Trustee, Philadelphia, PA.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION

Before this court for determination is the issue of whether monies collected post-petition by LEASE-A-FLEET, INC. ("the Debtor") from the sub-lessees of its motor-vehicle fleet, leased from Defendant MORSE OPERATIONS, INC. (which trades as Lauderhill Leasing and is referenced as "Lauderhill"), are (1) after-acquired property exempt from the broad pre-petition liens of the Debtor's secured...

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