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PEOPLES STATE BANK v. PORT ROYAL AGGREGATES, INC.

Nos. IP 95-410-C-B/S, 94-6892-FJ07.

193 B.R. 1020 (1996)

The PEOPLES STATE BANK, Appellant, v. PORT ROYAL AGGREGATES, INC., Appellee. In re A-1 PAVING & CONTRACTING, INC.

United States District Court, S.D. Indiana, Indianapolis Division.

March 21, 1996.

Attorney(s) appearing for the Case

Christopher S. Roberge, Foley & Pool, Indianapolis, Indiana, for Plaintiff.

Jeffrey A. Hokanson, Ancel & Dunlap, Indianapolis, Indiana, Jay P. Kennedy, Kroger Gardis & Regas, Indianapolis, Indiana, David R. Krebs, Hostetler & Kowalik, Indianapolis, Indiana, for defendant.

Kenneth C. Meeker, U.S. Trustee, Indianapolis, Indiana.

ENTRY

BARKER, Chief Judge.

Appellant Peoples State Bank ("Peoples State") appeals the Bankruptcy Court's decision granting Appellee Port Royal's Application for Order Terminating Automatic Stay, for Abandonment and for Adequate Protection ("Application"). For the reasons stated below, we affirm the Bankruptcy Court's decision.

I. BACKGROUND

On or about August 28, 1992, Port Royal and A-1 Paving & Contracting ("A-1") entered into...

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