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IN RE NEW BREED REALTY ENTERPRISES, INC.

No. 01-18864-608.

278 B.R. 314 (2002)

In re NEW BREED REALTY ENTERPRISES, INC., Debtor.

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

March 7, 2002.

Attorney(s) appearing for the Case

Stein Riso Mantel, LLP, New York City, for Debtor.

Backenroth, Frankel & Krinsky, LLP, New York City, for Creditor Candace Van Alen.

DECISION AND ORDER

CARLA E. CRAIG, Bankruptcy Judge.

This matter comes before the Court on the motion of Candace Van Alen ("movant" or "Van Alen") for an order vacating the automatic stay pursuant to 11 U.S.C. § 362(d) to permit the movant to collect a $300,000 deposit from escrow, as partial damages arising from the failure of New Breed Realty Enterprises, Inc. ("debtor") to close a sale under an agreement with the movant to purchase certain property...

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