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IN RE INTERN. HERITAGE, INC.

Bankruptcy Nos. 98-02675-5-ATS, 98-02674-5-ATS. Adversary No. S-99-00043-5-AP.

239 B.R. 306 (1999)

In re INTERNATIONAL HERITAGE, INC., Debtor. International Heritage, Incorporated, Debtor. Holmes P. Harden, Trustee in Bankruptcy for International Heritage, Inc., Plaintiff, v. L.C. Gilbert, Jr., Individually and on behalf of all others similarly situated; Randall L. Greene, Andy Clark, Jackson Wayne Murphy, Donnie Kenneth Broderway, James H. Thomas, Individually and on behalf of all others similarly situated; Craig T. Liebendorfer, Individually and on behalf of all others similarly situated; Denise Marsh, Felix Glen Ortega, Lupe Ortega, Individually and on behalf of all others similarly situated; Sharon A. Meckenstock, Dan H. Meckenstock, Custodian FBO Jean Carlo Meckenstock and Wilbur E. Meckenstock, on their own behalf and on behalf of a class of all persons similarly situated; State Auditor's Office, Montana Securities Department; and William Swinney and Marshall Reddy, Individually and as representatives of a class of all similarly situated sales representatives in International Heritage, Inc., Defendants.

United States Bankruptcy Court, E.D. North Carolina, Raleigh Division.

August 27, 1999.

Attorney(s) appearing for the Case

Terri L. Gardner, Smith Debnam Narron, Wyche Story & Myers, LLP, Raleigh, NC, for debtor.

Brent E. Wood, Wood & Francis PLLC, Raleigh, NC, for Stanley Van Etten.

Joseph N. Callaway II, Battle Winslow Scott & Wiley PA, Rocky Mount, NC, for State of Montana.

Joshua N. Rubin, Debevoise & Plimpton, New York City, William Woodward Webb, Broughton, Wilkins, Webb & Sugg, P.A., Raleigh, NC, for Meckenstocks.

Holmes P. Harden, Maupin Taylor & Ellis, P.A., Raleigh, NC, James A. Roberts III, Lewis & Roberts PLLC, Raleigh, NC, for Chapter 7 Trustee.

ORDER DETERMINING EXTENT OF AUTOMATIC STAY AND DENYING REQUEST FOR PRELIMINARY INJUNCTION UNDER 11 U.S.C. § 105

A. THOMAS SMALL, Chief Judge.

There are two matters before the court: (1) the Motion for Order filed by Holmes P. Harden, chapter 7 trustee for the chapter 7 debtors, International Heritage, Inc. and International Heritage, Incorporated, to determine the extent of the automatic stay with respect to the Commissioner of Securities...

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