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IN RE KAPLAN BRESLAW ASH, LLC

No. 01-11315 REG.

264 B.R. 309 (2001)

In re KAPLAN BRESLAW ASH, LLC, Debtor.

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

June 20, 2001.

Attorney(s) appearing for the Case

Morrison Cohen Singer & Weinstein, LLP (by Thomas R. Califano, John P. McNicholas), New York City, for Debtor.

Steven E. Stein (by Steven E. Stein), New York City, for Creditor Avuncular Lenders LLC.

Carolyn S. Schwartz (by Wendy Rosenthal), New York City, for Office of United States Trustee.

DECISION ON MOTION FOR RELIEF FROM THE STAY

ROBERT E. GERBER, Bankruptcy Judge.

Introduction

In this case under chapter 11 of the Bankruptcy Code, Avuncular Lenders LLC (the "Mortgageholder") moves for relief from the stay under sections 362(d)(2) and (1) of the Bankruptcy Code to permit the Mortgageholder to complete the foreclosure of a mortgage encumbering the warehouse owned by debtor and debtor-in-possession Kaplan Breslaw Ash...

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