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IN RE 231 FOURTH AVENUE LYCEUM, LLC

Case No. 13-42125 (CEC).

506 B.R. 196 (2014)

IN RE: 231 FOURTH AVENUE LYCEUM, LLC, Debtor.

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

Signed: February 28, 2014.

Attorney(s) appearing for the Case

David M. Blum, Esq. , 286 Madison Avenue, Suite 2200, New York, New York 10017, Counsel for Debtor.

William E, Curtin, Esq. , United States Department of Justice, 201 Varick Street, Suite 1006, New York, New York 10014, Counsel for the United States Trustee.

Glenn P. Warmuth, Esq. , Stim & Warmuth, P.C., 2 Eighth Street, Farmingville, New York 11738, Counsel for P.B. #7 LLC.

Chapter 11

DECISION

CARLA E. CRAIG, Chief United States Bankruptcy Judge.

This matter comes before the Court on the motion of P.B. #7 LLC ("P.B.") to lift the automatic stay, pursuant to 11 U.S.C. § 362(d)(3)1. Because 231 Fourth Avenue Lyceum, LLC has failed to file a plan of reorganization that has a reasonable possibility of being confirmed within a reasonable time, as required by § 362(d)(3), P...

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