IN RE McGREGOR

Bankruptcy No. 95 B 40789 (JLG).

182 B.R. 96 (1995)

In re Euton McGREGOR, Debtor.

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

May 5, 1995.


Attorney(s) appearing for the Case

Stanley N. Kutcher, P.C., New York City, for debtor.

Reisman, Peirez, Reisman & Calica, L.L.P., Garden City, NY, for Mercury Capital Corp.


Memorandum Decision On Debtor's Motion To Stay Mercury Capital Corp.

JAMES L. GARRITY, Jr., Bankruptcy Judge.

Debtor is an individual whose voluntary petition under chapter 11 of the Bankruptcy Code (the "Code") lists seven apartment buildings as his principal assets. Mercury Capital Corporation ("Mercury") claims to be owed in excess of $1 million and may be debtor's largest creditor. Its claim is secured by a first mortgage on four of the buildings...

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