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IN RE NEW ALMACS, INC.

Bankruptcy Nos. 95-63372, 95-63373.

196 B.R. 244 (1996)

In re NEW ALMACS, INC., Debtor. In re OCEAN EQUITIES CORP., Debtor.

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

April 22, 1996.

Attorney(s) appearing for the Case

Menter, Rudin & Trivelpiece, P.C. (Jeffrey Dove, of counsel), Syracuse, New York, for Debtors.

Getnick, Livingston, Atkinson, Gigliotti & Priore, LLP (Nicholas Priore, of counsel), Utica, New York, for LM Associates, Citizens Savings Bank.

Bond, Schoeneck & King, LLP (James Dati, of counsel), Syracuse, New York, for Supervalue.

Melvin & Melvin (Louis Levine, of counsel), Syracuse, New York, for University Heights Associates.

Michael Collins, Assistant U.S. Trustee, Utica, New York.

MEMORANDUM-DECISION, FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

STEPHEN D. GERLING, Chief Judge.

The Court considers herein the motions of three lessors of nonresidential real properties ("Movants") whose leases were rejected by New Almacs, Inc. ("Debtor") postpetition. Movants seek relief pursuant to § 365(d)(3) of the Bankruptcy Code (11 U.S.C. §§ 101-1330) ("Code").1

LM Associates ("LM") filed its...

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