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IN RE KOULA ENTERPRISES, LTD.

Bankruptcy No. 095-71231-511.

197 B.R. 753 (1996)

In re KOULA ENTERPRISES, LTD., Debtor.

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

May 30, 1996.

Attorney(s) appearing for the Case

Dollinger, Gonski, Grossman, Permut & Hirschhorn by Matthew Dollinger, Carle Place, New York, for Serf Realty Co. and Simco Management Co.

Certilman Balin Adler & Hyman by Edward A. Christensen, East Meadow, New York, for Debtor.

OPINION

(Motion for Relief from Stay)

MELANIE L. CYGANOWSKI, Bankruptcy Judge:

Before the Court is a motion by Serf Realty Co. and Simco Management Co. (collectively, "Serf") for relief from the automatic stay imposed by 11 U.S.C. § 362 to permit them to exercise all rights and remedies with respect to property owned by the debtor, Koula Enterprises, Ltd. ("Koula" or "Debtor"), located...

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