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IN RE APB ONLINE, INC.

No. 00 B 41675(SMB).

259 B.R. 812 (2001)

In re APB ONLINE, INC., Debtor.

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

March 22, 2001.

Attorney(s) appearing for the Case

Peretore & Peretore, P.C., Frank Peretore, of counsel, Sparta, NJ, for Leasing Technologies, Inc.

Clifford Chance Rogers & Wells LLP, John S. Mairo, of counsel, New York City, for Official Committee of Unsecured Creditors.

Herbert P. Minkel, Jr., New York City, for debtor.

MEMORANDUM DECISION AND ORDER DENYING MOTION FOR SUMMARY JUDGMENT

STUART M. BERNSTEIN, Chief Judge.

Prior to this chapter 11 case, Leasing Technologies, Inc. ("LTI") and the debtor APB Online, Inc. (the "debtor" or "APB") entered into two agreements, denominated leases, entailing the use of computer and other equipment. After filing for chapter 11 relief, the debtor kept the equipment for approximately two months, but didn't pay the post-petition rent. Through...

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