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IN RE ORIENTAL RUG WAREHOUSE CLUB, INC.

Bankruptcy No. 4-96-2345.

205 B.R. 407 (1997)

In re ORIENTAL RUG WAREHOUSE CLUB, INC., Debtor.

United States Bankruptcy Court, D. Minnesota.

February 6, 1997.

Attorney(s) appearing for the Case

T. Jay Salmen, Kennedy & Graven, Minneapolis, MN, for Debtor.

Lonny D. Thomas, Woodbury, MN, for Yashar Rug Co., Inc.

MEMORANDUM ORDER DISALLOWING SECURED CLAIM OF YASHAR RUG CO., INC.

NANCY C. DREHER, Bankruptcy Judge.

The above-entitled matter came on for hearing before the undersigned on December 4, 1996, on the objection of the Debtor, Oriental Rug Warehouse Club, Inc., to the secured claim of Yashar Rug Co., Inc. ("Yashar"). Appearances were noted on the record. After carefully considering the arguments of counsel, the Court has determined that Yashar's secured...

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