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IN RE A. ANGELLE, INC.

Bankruptcy No. 96-20205, Adversary No. 96-2011.

230 B.R. 306 (1998)

In re A. ANGELLE, INC., d/b/a Lakeside Honda, Debtor. American Honda Finance Corporation, Plaintiff, v. A. Angelle, Inc., d/b/a Lakeside Honda, Calcasieu Marine National Bank of Lake Charles, Walter Umphrey, Jeff Branick, and the Calcasieu Parish School Board, Defendants.

United States Bankruptcy Court, W.D. Louisiana, Lake Charles Division.

July 27, 1998.

Attorney(s) appearing for the Case

Scott J. Scofield, Lake Charles, LA, for American Honda Finance Corporation.

A.J. Gray, III, Lake Charles, LA, David F. Waguespack, New Orleans, Patrick J. Johnson, Jr., New Orleans, LA, for Hibernia National Bank.

Wade N. Kelly, Lake Charles, LA, for Rudy O. Young, Trustee.

Glenn H. Steele, Jr., Beaumont, TX, for Walter Umphrey and Jeff Branick.

Stephen C. Polito, Lake Charles, LA, for Calcasieu Parish School Board.

REASONS FOR DECISION

GERALD H. SCHIFF, Bankruptcy Judge.

A. Angelle, Inc., d/b/a Lakeside Honda ("Debtor") filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code1 on March 7, 1996 ("Petition Date"), and on that day an order for relief was duly entered. The Debtor remained in possession as no chapter 11 trustee was appointed. On July 15, 1996, however, the case...

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