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IN RE LIZERIC REALTY CORP.

Bankruptcy No. 95 B 43785 (JLG).

188 B.R. 499 (1995)

In re LIZERIC REALTY CORP., Debtor.

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

As Amended November 28, 1995.

Attorney(s) appearing for the Case

Certilman Balin Adler & Hyman, L.L.P., East Meadow, NY, for Movant.

Law Offices of Allen C. Rolle, P.C., Brooklyn, NY, for Debtor.

JAMES L. GARRITY, Jr., Bankruptcy Judge.

Leo C. Aloi ("Aloi") seeks an order pursuant to § 1112(b) of the Bankruptcy Code ("Code") dismissing this voluntary chapter 11 case. Alternatively, he seeks an order pursuant to § 362(d)(1) of the Code annulling the automatic stay to give effect to his purchase of debtor's sole asset (defined below as the "Building") at a post-petition foreclosure sale innocently conducted by Aloi in violation of the stay. As a final...

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