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IN RE SHEPARD CLOTHING CO., INC.

No. CIV.A. 01-11862-GAO.

280 B.R. 786 (2002)

In re SHEPARD CLOTHING COMPANY, INC., Debtor. Congress Financial Corporation (New England), and GB Retail Funding, LLC, Appellants, v. Shepard Clothing Company, Inc., Appellee.

United States District Court, D. Massachusetts.

July 26, 2002.

Attorney(s) appearing for the Case

Anthony L. Gray, Joseph F. Ryan, Elise Busny, Brown, Rudkick, Freed & Gesmer, Boston, MA, for Congress Financial Corporation (New England), Appellant.

Jonathan D. Yellin, Riemer & Braunstein, Boston, MA, for GB Retail Funding LLC, Appellant.

Peter J. Haley, Stephen F. Gordon, Gordon & Wise, Boston, MA, for Shepard Clothing Company, Inc., Appellee/Debtor.

MEMORANDUM and ORDER

O'TOOLE, District Judge.

The appellants, Congress Financial Corporation ("Congress") and GB Retail Funding, LLC ("GB"), seek review of a bankruptcy judge's decision to deny their motion for relief from the automatic stay in the bankruptcy proceedings of the appellee, Shepard Clothing Company, Inc. ("Shepard"). Congress and GB are secured creditors who claim that the bankruptcy judge erred when she determined that they were adequately...

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