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IN RE WATER VALLEY FINISHING, INC.

Bankruptcy Nos. 93 B 44780 (BRL) to 93 B 44782 (BRL). Adv. No. 93-1084A.

170 B.R. 831 (1994)

In re WATER VALLEY FINISHING, INC., et al., Debtors. BIG YANK CORPORATION, Debtor in Possession, Plaintiff, v. BANK ONE, LEXINGTON, N.A., Defendant.

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

August 11, 1994.

Attorney(s) appearing for the Case

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for debtors.

Greenebaum Doll & McDonald, Lexington, KY, for Bank One.

AMENDED ABSTRACT OF BENCH RULING ON CROSS-MOTIONS FOR SUMMARY JUDGMENT

BURTON R. LIFLAND, Chief Judge.

Big Yank Corporation ("Big Yank" or "Debtor") seeks to avoid Bank One, Lexington N.A.'s ("Bank One") alleged interest under a certain mortgage (the "Mortgage") in the Debtor's Lexington, Kentucky warehouse and distribution center (the "Property"). Bank One, within ninety days prior to the filing of the Debtor's chapter 11 petition, inadvertently...

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