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IN RE SCHICK

Bankruptcy Nos. 96 B 42902(SMB), 96 B 43969(SMB), 96 B 46282(SMB).

232 B.R. 589 (1999)

In re David SCHICK, Venture Mortgage Corp., and A & D Trading Group, L.L.C., Debtors.

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

April 26, 1999.

Attorney(s) appearing for the Case

Parker, Chapin, Flattau & Klimpl, LLP, New York City, for the Chapter 11 Trustee, Lee W. Stremba, of counsel.

Law Offices of Moshe Katlowitz, New York City, Employee Retirement Trust and Rochel Properties, Inc., for Claimants Arnav Industries, Inc., Moshe Katlowitz, of counsel.

MEMORANDUM DECISION REGARDING OBJECTION TO CLAIMS AND CROSS-MOTION FOR RELIEF FROM THE AUTOMATIC STAY

STUART M. BERNSTEIN, Bankruptcy Judge.

The chapter 11 trustee objects to the claims of Arnav Industries, Inc. Employee Retirement Trust ("Arnav") in the amount of $4,828,275.03, and Rochel Properties, Inc. ("Rochel") in the sum of $11,823,044.62 (Arnav and Rochel are referred to collectively as the "Claimants"). The trustee relies on a prepetition...

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