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IN RE AMC REALTY CORP.

No. 01 B 12059(REG).

270 B.R. 132 (2001)

In re AMC REALTY CORP., Debtors.

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

October 23, 2001.

Attorney(s) appearing for the Case

Abrams Garfinkel & Rosen, LLP, New York City, By Eric A. Rosen, Esq., for the Debtor.

Steinberg & Associates, Kew Gardens, NY, By Herbert Noel Steinberg, Esq., for Mortgageholder New Turn Investment Corp.

Lapidus & Smith, LLP, New York City, By Steven R. Lapidus, for Secured Creditor.

Carolyn S. Schwartz, Office of the United States Trustee, New York City, By Tracy Hope Davis, Esq.

DECISION AND ORDER ON MOTION FOR DISMISSAL, OR, ALTERNATIVELY, FOR RELIEF FROM THE STAY.

ROBERT E. GERBER, Bankruptcy Judge.

Introduction

In this case under chapter 11 of the Bankruptcy Code — the second chapter 11 case filed in this district by AMC Realty Corporation ("the Debtor") — New Turn Investment Corporation (the "Mortgageholder") moves, pursuant to Bankruptcy Code section 1112(b), to dismiss it for "cause," and...

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